Natural Gas price moves into new negative track – Analysis – 5-2-2019
Natural gas price faced strong negative pressures recently to notice crawling below the key support 2.925 and settling within new negative range by reaching 2.680, which allows us to suggest more negative trades and expect providing negative pressure on 2.5000 level in order to reach the previously recorded low at 1.6000.
The stability of the moving average 55 confirms forming new resistance against the negative trades, also, stochastic reach to the oversold areas paves the way to gather new negative momentum to ease the mission of achieving the suggested targets.
The expected trading range for today is between 2.860 and 2.500
The expected trend for today: Bearish
Germany: Daimler takes a breath – Analysis – 5-2-2019
Daimler shares price hinted the tend to revive after achieving the first target at 53.25 by forming intraday negative rebound and testing the moving average 55 at 52.10, noticing that the initial support is located at 50.95, to confirm blocking the price within the bullish range and wait to form new bullish trades in order to surpass 53.25 and reach the next target at 54.80.
Stochastic current release from the overbought areas might force the price to form intraday sideways trades until gathering the positive momentum followed by starting to renew the waited main bullish attack.
The expected trading range for today is between 51.60 and 53.00
The expected trend for today: Bullish
EURCAD tests the support – Analysis – 5-2-2019
The EURCAD pair formed clear negative attack recently to breach the moving average 55 and settle at the main support 1.4976, while the upcoming scenario depends on the strength of this support to expect forming strong bullish attack and rally towards 1.5070 followed by reaching the moving average 55 at 1.5155.
On the other hand, crawling below the current support and getting negative close will confirm surrendering to the bearish bias domination due to its consolidation within the bearish channel, to target many negative levels that start at 1.4995 followed by 1.4735.
The expected trading range for today is between 1.4976 and 1.5070
The expected trend for today: Bullish
Litecoin price within the bullish channel – Analysis - 05-02-2019
Litecoin price keeps its stability inside the bullish channel that appears on the chart, to keep the bullish trend scenario active until now, supported by stochastic and the EMA50 positivity, waiting to visit 40.00 level mainly, reminding you that it is important to hold above 31.50 to continue the expected rise.
Expected trading range for today is between 31.50 support and 36.00 resistance
Expected trend for today: Bullish