Natural gas prices keep forming slow trading, fluctuating in the last trading near $2.850, keeping the negative stability that depends on forming main barrier at $3.450.
The continuation of providing negative momentum by the main indicators makes us wait for confirming breaking $2.820 level, to reach the next support near $2.620, to monitor its behavior due to the importance of this support to detect the main trend in the upcoming trading.
The expected trading range for today is between $2.620 and $3.100
Trend forecast: Bearish
The EURJPY pair continued forming mixed trading, due to the continuation of the main indicators’ contradiction, delaying the negative attack in the current trading by its rally towards 184.25 yesterday, to open this morning trading with new negativity, to notice targeting 183.60.
In general, the bearish scenario will remain valid depending on the stability below 184.80 resistance, forming an extra barrier at 184.20 level will support the chances of gathering the negative momentum, to ease the mission of targeting negative levels, which might begin at 183.10 and 182.20.
The expected trading range for today is between 182.20 and 184.20
Trend forecast: Bearish
The GBPJPY pair is under positive pressure, which forces it to delay the bearish movement, by its rally above 210.60 level, recording some gains by reaching 211.43.
Note that the stability below the main resistance at 213.30 and forming extra barrier at 212.10 level makes us keep waiting for gathering negative momentum, to ease the mission of activating the negative scenario by reaching 210.60 initially, to begin targeting the negative stations near 209.10 and 208.25.
The expected trading range for today is between 209.10 and 211.80
Trend forecast: Bearish
Platinum price kept its negative stability below the moving average 55 level, which keeps forming extra barrier by its stability at $1980.00, reaching $1925.00.
The price returns to settle within the minor bearish channel’s level by reaching below $1885.00 and providing negative close to confirm its readiness to target several negative stations, to expect forming initial target at $1775.00 level in the near trading, reaching $1720.00.
The expected trading range for today is between $1775.00 and $1970.00
Trend forecast: Bearish