Natural gas price formed bullish waves, to keep its stability above the bullish channel’s support at $3.310, activating with stochastic positivity and its stability near $3.510.

The unionism of providing positive momentum by the main indicators will increase the chances for surpassing the barrier at $3.610, to begin targeting several positive stations by its rally towards $3.710 reaching the next target near $3.830.

The expected trading range for today is between $3.420 and $3.610

Trend forecast: Bullish

The EURJPY pair got advantage of its repeated stability above the extra support at 175.20 level, activating with the main indicators’ positivity by forming a new bullish rally and achieving the suggested extra target by reaching 177.45.

Note that stochastic stability within the overbought level might  force the price to provide temporary corrective trading until gathering extra positive momentum, to increase the chances of forming new bullish waves and achieving more historical gains by targeting 177.80 and 178.45 level.

The expected trading range for today is between 176.55 and 177.80

Trend forecast: Bullish

The GBPJPY pair formed more of the bullish waves yesterday, taking advantage of its stability above the extra support at 201.70, to ease the mission of recording the extra targets by its rally towards 204.45, then retesting 1.809% Fibonacci extension level near 203.85.

The continuation of providing positive momentum by stochastic makes us expect renewing the bullish attack, to attempt to target 204.80 level reaching 205.35 which represents 2.00%Fibonacci extension level that appears in the above image.

The expected trading range for today is between 203.55 and 204.80

Trend forecast: Bullish

Platinum price succeeded in resuming the bullish attack by confirming surpassing the resistance to $1630.00, to notice its rally towards the initial extra target at $1660.00 to settle near it.

In general, the bullish trend scenario will remain valid by holding above $1525.00 support and the continuation of providing positive momentum by the main indicators, which will increase the chances of reaching 1690.004, surpassing this obstacle will confirm the move to a new positive phase, to target extra stations that begin at $1727.00.

The expected trading range for today is between $1600.00 and $1690.00

Trend forecast: Bullish