Natural gas price formed more negative waves to move away from 4.050$ resistance line and provide new negative pressures on 3.570$ level in order to find a way to resume the negative for the near-term and medium-term period.

The above chart shows stochastic attempt to provide the negative momentum by fluctuating below 50 level to increase the chances of breaking the current obstacle to start targeting new negative stations by crawling towards 3.420$ and 3.310$.

The expected trading range for today is between 3.420$ and 3.700$

Trend forecast: Bearish

The EURJPY pair surrendered to the stability of 164.80 barrier to notice forming correctional bearish waves to settle near 162.20, testing the minor bullish channel’s support line that appears on the chart.

Note that crawling below the MA55 and stochastic continuous negative momentum might force the price to break the current support and suffer additional losses by crawling towards 161.60 and 161.00 levels, while holding above the support will reinforce the chances of forming bullish waves, to wait to rally above 163.30 to confirm its preparation to activate the bullish track again.

The expected trading range for today is between 161.60 and 163.00

Trend forecast: Bearish

The GBPJPY pair failed to resume the bullish attack to fall under the effect of stochastic negativity by crawling below 61.8% Fibonacci correction level again at 197.30, to notice its decline towards the additional support at 195.80 direct.

Facing continuous negative pressures might push the price to break the current support to hint its surrender to the domination of the bearish bias to expect suffering many losses by crawling towards 194.90 and 194.00 levels, while rallying above 197.30 will confirm regaining the bullish bias to expect rallying towards the positive targets that start at 198.40.

The expected trading range for today is between 195.00 and 197.30

Trend forecast: Bearish

Platinum price succeeded to confirm the bearish scenario by reaching 898.00$ level, achieving the first waited negative target followed by forming intraday positive rebound due to stochastic exit from the oversold areas.

We remind you that the frequent stability below the additional barrier at 920.00$ and the continuous negative momentum coming by the MA55 allow us to keep the bearish overview that might target new negative stations soon by moving towards 882.00$, while surpassing this obstacle will push the price towards 858.0$ as a next main target for the negative trades.

The expected trading range for today is between 882.00$ and 920.00$

Trend forecast: Bearish