Natural gas price keeps the negativity– Forecast today – 18-8-2025
AI Summary
- Natural gas price experiencing mixed trading after hitting target near $2.780
- Negative stability below resistance at $3.130, forming neckline of head and shoulders at $3.050
- Forecast predicts potential drop to $2.610 level, with support at $2.390. Trend forecast is bearish.
Natural gas price forced to form some mixed trading after hitting the target near $2.780, affected by stochastic exit from the oversold level, but the negative stability below the resistance at $3.130 and forming neckline of the head and shoulders at $3.050, these factors make us keep the negative suggestion, which might target $2.610 level reaching the next support at $2.390.
The expected trading range for today is between $2.610 and $2.950
Trend forecast: Bearish
The EURJPY takes advantages from the stability of the support– Forecast today – 18-8-2025
The EURJPY pair ended the bearish correctional rebound by providing a new positive close above the support at 170.45, which allows it to surpass the negative factors and begin forming bullish waves by its rally above 172.00, forming an intraday obstacle against the positive attempts.
The main stability within the bullish channel’s levels support the chances for resuming the bullish attack, gathering positive momentum makes us expect reaching 173.20, then attempts to press on the barrier at 173.55 to find an exit for resuming the bullish attempts.
The expected trading range for today is between 172.00 and 173.55
Trend forecast: Bullish
The GBPJPY faces difficulty in resuming the bearish correction– Forecast today – 18-8-2025
The GBPJPY pair failed to resume the bearish correctional attack, affected by forming an obstacle at 66.8%Fibonacci correction level at 198.80, forcing it to provide mixed trading by its stability near 199.90.
Note that regaining bullish bias will be by breaching the resistance at 200.65, while holding below it and stochastic attempt to exit the overbought level confirms the dominance of the sideways bias in the current period, to expect the trading confinement between the mentioned main levels, to keep monitoring the price behavior to confirm the trend by surpassing these levels.
The expected trading range for today is between 198.85 and 200.60
Trend forecast: Sideways
Platinum price repeats the sideways fluctaution– Forecast today – 18-8-2025
Platinum price returned to form weak and sideways trading by its reach below the moving average 55, delaying the bullish rally on the intraday basis until gathering the required positive momentum.
Reminding you that the bullish scenario will remain valid, depending on the continuation of forming extra support at $1304.00 level, increasing the chances for reaching the positive stations near $1375.00 and $1430.00.
The expected trading range for today is between $1335.00 and $1375.00
Trend forecast: Bullish