Natural gas prices repeatedly provided negative closes below $3.450 level, activating with the main indicators by their stability near $3.000.

No escape for resuming the negative attack, to keep waiting for reaching the initial target at $2.750, attempting to press on the extra support near $2.640.

The expected trading range for today is between $2.750 and $3.210

Trend forecast: Bearish

The EURJPY pair affected by the main indicators’ contradiction yesterday, which forces it to form mixed waves then begin forming a new decline, to settle near 182.30, reminding that the negative scenario remains valid, depending on the continuation of forming %61.8 Fibonacci correction level by its stability at 184.05, stochastic reaching below 50 level supports our bearish scenario, to keep waiting for targeting 181.55 level, reaching the next support near 181.10.

The expected trading range for today is between 181.55 and 183.20

Trend forecast: Bearish

The GBPJPY pair remains stable negatively until this moment below the 210.65 resistance, activating with the main indicators’ negativity and its stability near 209.40.

The continuation of providing negative momentum by the main indicators makes us expect to reach 209.15 barrier and breaking it will open the way for targeting new bearish stations that might begin at 208.30 and 206.90.

The expected trading range for today is between $208.30 and $210.40

Trend forecast: Bearish

Gold prices rose in its recent intraday trading, to recover some of its previous losses, but it continues to face negative and dynamic pressure due to the continuation of its trading below EMA50, which prevented its recovery recently.

This comes because of breaking short-term bullish trend line, weakening the previous positive technical structure, accompanied by the emergence of negative signals from relative strength indicators, which might limit the ability to keep rising unless the price manages to breach its near resistance and holds above it.

Therefore, we suggest a decline in gold price’s upcoming intraday trading, if $5,200 resistance remains intact, to target $5,000 support level.

The expected trading range is between $5,000 support and $5,250 resistance.

Today’s forecast: Bearish