Natural gas price formed new bullish rally, surpassing the resistance at $4.330, recording extra target by hitting $4.412 level, which bounces quickly to settle near the resistance again.

We will depend on forming extra support at $4.210 level, and stochastic attempt to provide positive momentum will increase the chances of forming the mentioned resistance, to ease the mission of recording extra gains that might extend towards $4.495 reaching the next target at $4.770.

The expected trading range for today is between $4.250 and $4.490

Trend forecast: Bullish

The EURJPY pair activated the bearish corrective track by reaching the extra support at 177.05, by the above image, we notice suffering some losses by attacking 176.50 level, to form mixed trading by its stability near 176.35.

Note that the continuation of the price fluctuation below the broken support and providing negative momentum by stochastic that supports the chances of resuming the negative corrective attempts, which might target 175.15 level reaching the support of the bullish channel at 174.45.

The expected trading range for today is between 175.15 and 176.65

Trend forecast: Bearish by the stability of 177.05

The GBPJPY pair suffered strong bearish pressure by reaching below 201.70 level, forming strong decline to surpass the extra support at 200.45, to face the moving average 55 by hitting 199.05 level.

The contradiction between the main indicators confirms the dominance of the sideways bias, which forces it to provide mixed trading, however the stability below the key barrier at 201.70 supports the chances of resuming the bearish correction, to attempt to target 198.75 and 197.85 level.

The expected trading range for today is between 198.75 and 200.75

Trend forecast: Bearish

Platinum price closed yesterday’s trading by attacking extra support level at $1525.00 to settle above it, affected by the instability of the price due to the contradiction between the main indicators, noting that reaching below the current support and providing negative close will force it to suffer extra losses that might extend towards $1485.00 reaching $1440.00.

While regaining the bullish trend requires forming strong bullish waves, to reach $1695.00 barrier, to confirm surpassing the chances of recording new gains in the upcoming period.

The expected trading range for today is between $1485.00 and $1572.00

Trend forecast: Bearish