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Natural gas price keeps the positivity – Analysis – 1-3-2024
Natural gas price provided new positive close above 1.800 level, which forms the neckline of the double bottom pattern that appears on the chart, to increase the chances of resuming the bullish track in the near-term and medium term period.
Also, stochastic provides the positive momentum to increase the chances of surpassing 2.000 barrier, waiting to target 2.200 direct, followed by reaching 2.4200, to face the MA55.
The expected trading range for today is between 1.850 and 2.100
The expected trend for today: Bullish
The EURJPY fluctuates within the bullish track – Analysis – 1-3-2024
The EURJPY pair still affected by stochastic negativity to force it to postpone the bullish rally and provide mixed trades within the bullish channel, to notice touching 161.68 level yesterday and rallying to settle near 162.50 again.
MoreThe GBPJPY hits the target – Analysis – 1-3-2024
The GBPJPY pair resumed the correctional decline yesterday to achieve the target at 188.90, which forms key additional support to interpret the quick rebound towards 190.00.
MorePlatinum price needs positive momentum – Analysis – 1-3-2024
Platinum price repeated the fluctuation above the additional support at 875.00, to notice forming weak sideways trades due to the lack of the required positive momentum to motivate the previously suggested bullish rally, while the sideways bias domination might extend until gathering the required momentum to ease the mission to reach the positive stations that might start at 893.00 followed by reaching the additional resistance at 904.00.
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