Natural gas prices began forming new bullish waves, to settle near $4.415 level, affected by the bullish momentum of the main indicators, to keep its stability within the bullish channel that appears in the above image.

We expect attacking 38.2%Fibonacci correction level at $4.750, to form the initial main target in the current trading, noting that surpassing this barrier will open the way for recording extra gains in the near period by its rally towards $4.910 and $5.150.

The expected trading range for today is between $4.300 and $4.750

Trend forecast: Bullish

The EURJPY pair provided mixed trading, to keep its stability near 177.05 level, note that the continuation of the contradiction between the main indicators, by forming extra barrier at 177.85, these factors may force the price to delay the bullish rally and begin providing new bearish corrective trading, to repeat the pressure on 175.80 level, and breaking it will confirm targeting extra corrective stations that might begin at 175.15 reaching the support of the bullish channel towards 174.45.

The expected trading range for today is between 175.85 and 177.45

Trend forecast: Bearish

Despite forming bullish waves and the GBPJPY pair’s stability near 201.30, but it couldn’t confirm regaining the main bullish trend, as there are several barriers represented by 201.70 and 202.40 level.

Therefore, we will keep waiting for extra negative momentum to renew the corrective attempts by reaching 200.25 and breaking this barrier will extend the barrier towards 199.45 and 198.70.

The expected trading range for today is between 200.20 and 201.70

Trend forecast: Bearish

Platinum price didn’t change anything due to its fluctuation between the levels of the current sideways track, that are represented by $1605.00, and $1525.00, which represents a key support for reducing the chances of suffering extra losses.

Note that stochastic attempt to provide positive momentum might push the price to form bullish trading, to attempt to renew the pressure on the previously mentioned barrier, to find an exit to record extra gains in the upcoming period, while breaking the support and holding below it will force it to suffer several losses that begin at $1485.00. 

The expected trading range for today is between 985.00 and 1040.00

Trend forecast: Bullish