Natural gas price returned to provide weak sideways trading by its fluctuation near $4.000 level, affected by the contradiction between the main indicators and the negative stability below $4.200 level.

The continuation of the price fluctuation below the previously mentioned barrier will force it to renew the negative attempts, to expect reaching $3.650 and $3.480, while its rally above the barrier and providing positive close will confirm its move to the bullish trend, to begin recording several gains by targeting $4.510 level. 

The expected trading range for today is between $3.650 and $4.100

Trend forecast: Bearish

The EURJPY pair provided new negative close below the extra barrier at 184.40, activating with stochastic negativity by reaching 183.50, to record the initial suggested target in the previous report.

The chances of resuming the corrective decline remain valid until this momentum, to expect attempting to test the main support at 183.15, then monitor its behavior due to the importance of this level to detect the main trend in the near and medium term trading, breaking this support and holding below it will force the price to suffer extra losses that might begin at 182.80 and 182.45.

The expected trading range for today is between 183.15 and 183.80

Trend forecast: Bearish

The GBPJPY pair is forced to provide slow corrective trading, due to the contradiction between the main indicators, keeping its fluctuations near 210.65 level, but its stability below 211.30 level supports the chances of activating the bearish corrective attack, to keep waiting for our negative expectations until reaching 209.70 level reaching the minor bullish channel’s support at 209.00.

While gathering extra bullish momentum and its rally above the barrier will provide new opportunity for activating the bullish trend, to expect targeting new positive stations that might begin at 212.65.

The expected trading range for today is between 209.30 and 211.20

Trend forecast: Bearish

Platinum price resumed the bearish corrective attack, achieving the previously suggested corrective targets by reaching the minor bullish channel’s support that is represented by $2045.00 level, to rally towards $2200.00.

The contradiction between the main indicators confirms the price surrender to the sideways bias, to form mixed trading until gathering bullish momentum, to open the way for its rally above $2235.00 level and begin targeting some positive stations by its rally towards $2285.00 and $2325.00.

The expected trading range for today is between $2090.00 and $2235.00

Trend forecast: Bullish