Natural gas prices repeatedly formed weak sideways trading by their continued fluctuation near the moving average of 55 at $3.410, which forms a strong barrier against the negative attack.

We expect to provide more sideways trading when achieving the required break to confirm its readiness to target new corrective stations by reaching $3.165, reaching the next support neat $2.950.

The expected trading range for today is between $3.165 and $3.650

Trend forecast: Bearish

The EURJPY pair didn’t move anything since yesterday by its continued confinement between the support at 182.80, while the resistance extends towards 183.70, therefore, we will remain neutral until surpassing one of these levels to detect the suggested target in the near and medium trading.

Note that the price decline below the current support and providing negative close will confirm its surrender to the bearish corrective bias again, which forces it to suffer more losses by reaching 182.30 reaching the next support near 181.75.

The expected trading range for today is between 182.80 and 183.60

Trend forecast: Neutral

The GBPJPY pair ended the last bullish rally by recording 212.15 level, to bounce directly to settle near 211.30, which formed strong obstacle against the bullish attempts.

Note that the stability within the main bullish levels and forming extra support at 211.30 level, which makes us wait for gathering bullish momentum to reinforce the chances of recording the target at 212.55 and surpassing it might extend trading towards 213.75, while reaching below 211.30 and providing negative close will confirm delaying the bullish attack, to begin forming temporary corrective wave, to target 210.65 and 209.90 level.

The expected trading range for today is between 211.00 and 212.50

Trend forecast: Bullish

Platinum price ended the last bullish rally by facing the historical high near$2467.70, forming strong resistance to begin forming bearish corrective waves by its stability near $2340.00.

Despite the attempts of the main indicators to provide positive momentum, the continued fluctuation below the current top supports the chances of renewing the corrective attempts, which might target $2260.00 and $2185.00, while breaching the top and holding above it will reinforce the chances of recording historical gains by its rally towards $2525.00. 

The expected trading range for today is between $2260.00 and $2410.00

Trend forecast: Bearish