Natural gas price lost its negative momentum by stochastic exit from the oversold level, to notice the attempt to recover some losses by its rally from $2.645 level and its stability near $2.820.

The current positive rebound will not affect the main bearish track due to the negative stability below the resistance of $3.140, therefore, we will keep waiting for gathering the negative momentum to renew the pressure on the obstacle of $2.640, surpassing it will make the price reach the next main target at $2.390.

The expected trading range for today is between $2.620 and $2.900

Trend forecast: Bearish

The EURJPY pair was forced to provide new sideways trading, attempting to face stochastic temporary negativity, to keep its positive stability within the bullish channel’s levels, noticing its repeated stability above the extra support level at 170.45.

If the price succeeded in gaining positive momentum, we expect activating the bullish attack by surpassing the initial obstacle at 172.35, then repeats the pressure on the barrier near 173.40 to find an exit for resuming the bullish attack in the upcoming period trading.

The expected trading range for today is between 171.25 and 173.40

Trend forecast: Bullish

Despite the contradiction between the main indicators recently, the GBPJPY pair stability above the extra support of 197.85 level confirms its readiness to activate the bullish attack. Stochastic began providing positive momentum accompanied by the positive stability of the pair, to support the chances of surpassing the barrier at 200.30, to open the way towards recording extra gains that might extend to 200.80 and 201.55.

While the price decline below the extra support might force it to delay the bullish attack and provide mixed trading, with a chance for suffering some losses by reaching 196.95 and 196.20.

The expected trading range for today is between 198.20 and 200.80

Trend forecast: Bullish

Platinum price returned to form sideways range trading after recording the target at $1383.00, affected by the contradiction between the main indicators, especially by stochastic approach from 20 level, to notice its fluctuation near the moving average 55 at $1342.00.

Reminding you that the bullish scenario will remain valid, depending on the stability of the support at $1302.00, to keep waiting for gathering the positive momentum to ease the mission of surpassing the obstacle at $1383.00 reaching the next target at 1420.00 level.

The expected trading range for today is between $13300.00 and $1383.00

Trend forecast: Bullish