Natural gas price needs new positive momentum – Analysis – 13-10-2021
Natural gas price continued to provide negative pressures yesterday on the bullish channel’s support line at 5.330, to end trades by providing positive close above it, confirming keeping the bullish bias domination.
Note that it is important to rally above the moving average 55 at 5.500 to get rid of the additional barriers and start targeting the positive stations near 5.750 and 6.270.
The expected trading range for today is between 5.300 and 5.750
The expected trend for today: Bullish
The GBPAUD tests the additional support – Analysis – 13-10-2021
The GBPAUD was forced to form correctional bearish rebound recently, to test 50% Fibonacci correction level that forms additional support at 1.8430, noting that the moving average 55 fluctuation near the current support will increase the chances of renewing the bullish attempts, to expect rallying towards 1.8780 followed by attempting to press on 1.9115 obstacle.
On the other hand, breaking the current support and settling below it will postpone the bullish attack, to expect suffering additional losses by moving towards 1.8185.
The expected trading range for today is between 1.8445 and 1.8700
The expected trend for today: Bullish
IBEX index keeps the positivity – Analysis – 13-10-2021
IBEX index confirmed keeping the positive attempts by providing new positive close above the bullish channel’s support line at 8705.00, to notice forming bullish wave and settle near 8935.00.
Note that the moving average 55 fluctuation below the current trades confirms blocking the price within the bullish track, to provide it with new positive momentum and ease the mission of reaching the positive stations near 9015.00 and 9205.00.
The expected trading range for today is between 8790.00 and 9015.00
The expected trend for today: Bullish
IBEX index keeps the positivity – Analysis – 13-10-2021
IBEX index confirmed keeping the positive attempts by providing new positive close above the bullish channel’s support line at 8705.00, to notice forming bullish wave and settle near 8935.00.
Note that the moving average 55 fluctuation below the current trades confirms blocking the price within the bullish track, to provide it with new positive momentum and ease the mission of reaching the positive stations near 9015.00 and 9205.00.
The expected trading range for today is between 8790.00 and 9015.00
The expected trend for today: Bullish