Natural gas price provided new negative close below the neckline of the head and shoulders’ pattern at 3.050, to confirm surrendering to the domination of the previously suggested bearish bias, also, stochastic crawl towards the oversold areas will increase the negative pressures to keep our expectations to target 2.7500 support line soon, while breaking it will confirm moving to the next negative station to target 2.550 direct.

The expected trading range for today is between 3.050 and 2.750

The expected trend for today: Bearish

The EURJPY pair confirmed surrendering to the domination of the correctional bearish bias by providing negative close below the additional support 162.10 yesterday, noticing suffering clear losses by reaching 161.45.

The contradiction between the MA55 that consolidates below the price against stochastic attempt to provide the additional negative momentum allows us to expect instability and forming mixed sideways trades, while declining below 161.25 will force it to suffer additional losses until testing the main bullish channel’s support line at 160.65.

The expected trading range for today is between 161.85 and 161.25

The expected trend for today: Bearish

The GBPJPY pair resumed the correctional decline by providing new close below 186.35 level, to crawl below the MA55 again and touch 184.58 level, and despite the main stability within the bullish channel, facing continuous negative pressures will increase the chances of moving towards 184.25, while breaking it will push the price to decline towards the main bullish channel’s support line at 183.35.

Succeeding to jump above 186.35 level and holding above it will confirm getting rid of the correctional bearish track, to start forming strong positive waves and expect targeting 187.35 level direct, followed by reaching the recently recorded high at 188.28.

The expected trading range for today is between 185.40 and 184.25

The expected trend for today: Bearish

Platinum price extended upwards strongly this morning, attempting to surpass the bearish channel’s resistance at 920.00, to hint the preparation to move towards the bullish track again.

Note that it is important to confirm breaching the current resistance to settle above the MA55 in order to gain new positive momentum followed by starting to target the positive stations by moving towards 934.00 soon, followed by attacking 50% Fibonacci correction level at 950.00.

The expected trading range for today is between 915.00 and 934.00

The expected trend for today: Bullish