Natural gas price prepares for strong rise – Analysis – 14-9-2023
Natural gas price started to get the positive momentum due to stochastic reach to 50 level, to notice its fluctuation near 2.750, attempting to hold above the MA55, also, the stability of 2.450 major support confirms blocking trades within the bullish track to keep waiting to record many targets that might start at 3.100 and 3.550 levels.
The expected trading range for today is between 2.650 and 3.100
The expected trend for today: Bullish
The EURJPY gains the positive momentum – Analysis – 14-9-2023
The EURJPY pair got the positive momentum yesterday, to notice reaching 158.65 level followed by forming temporary rebound and settle at 158.00.
The stability within the bullish channel that its support line at 156.40 in addition to the additional support formed at 157.00 allow us to expect forming strong bullish attack and press on 159.20 obstacle, while surpassing it will open the way to reach additional stations that might start at 160.60 and 161.25.
The expected trading range for today is between 157.60 and 159.20
The expected trend for today: Bullish
The GBPJPY is slow – Analysis – 14-9-2023
Despite the GBPJPY pair frequent stability within the minor bullish channel, it continues to form slow fluctuation by settling near 184.00 due to the lack of the positive momentum recently, assuring the importance of the extended support at 182.90 in addition to gather the positive momentum to activate the bullish attack that might target 185.30 initially, followed by waiting to provide strong pressures on 186.00 obstacle.
On the other hand, declining below the mentioned support and providing negative close will force it to activate the correctional bearish track to suffer clear losses by crawling towards 182.25 and 180.75.
The expected trading range for today is between 183.50 and 185.00
The expected trend for today: Bullish
Platinum price keeps the chances to decline – Analysis – 14-9-2023
Platinum price faced stochastic intraday positivity to notice its consolidation near 900.00, to keep the chances to resume the previously suggested negative attack, assuring the importance of holding below 950.00 barrier to gather the additional negative momentum and ease the mission of reaching the first negative target at 880.00, followed by attempting to press on the additional support 855.00 as a second target for the negative trades.
The expected trading range for today is between 920.00 and 880.00
The expected trend for today: Bearish