Natural gas price is stable – Analysis – 12-9-2023
Natural gas price couldn’t change anything until this moment, to keep fluctuating between the 2.450 support and 2.800 level, which forms a strong barrier against the attempt of renewing the bullish attack.
we will stay aside until surpassing the dominant levels, to detect the expected targets in the upcoming trading, reminding you that breaching the barrier and holding above it will reinforce the chances for forming a strong bullish attack, to target 3.100 level initially, while breaking the support will force it to suffer big losses by reaching 1.950 reaching to the historical support at 1.650.
The expected trading range for today is between 2.450 and 2.7000
The expected trend for today: Neutral
The EURJPY fluctuates within the bullish track– Analysis – 12-9-2023
The EURJPY pair succeeded to surpass the negative pressures, to keep the main stability within the bullish channel’s levels, to bounce from 156.60 level to settle near 157.60.
we will depend on the stability of the bullish channel’s support at 156.00, which represents the main factor to confirm the bullish scenario, to expect gaining the positive momentum in the current period, targeting 158.55 level to repeat the pressure on 159.60 obstacle.
The expected trading range for today is between 157.00 and 158.55
The expected trend for today: Bullish
The GBPJPY tests the support– Analysis – 12-9-2023
The GBPJPY pair ended the last bearish correctional rebound, by testing the minor bullish channel’s support at 182.65, to settle above it in order to reinforce the domination of the bullish scenario, the price needs a new positive momentum, to ease the mission of holding above 183.50 level, then reaching the positive stations at 184.30 reaching 185.20.
The expected trading range for today is between 182.75 and 184.30
The expected trend for today: Bullish
Platinum price keeps the negativity– Analysis – 12-9-2023
In spite of Platinum price fluctuation near 905.00 level, but it couldn’t affect the main bearish track, due to its repeated stability below 50% Fibonacci correction level at 950.00.
the unionism of the main indicators by providing the negative momentum, stochastic stability within the oversold level will increase the negative pressures on the trading, to keep waiting for targeting new bearish waves that might begin at 880.00 and 855.00.
The expected trading range for today is between 920.00 and 880.00
The expected trend for today: Bearish