Natural gas price provided some sideways trading due to the continuation of the contradiction of the main indicators, to keep its fluctuation near $2.750 level as appears in the above image, reminding you that the bearish scenario will remain valid if the trading settles below $3.200 resistance, which makes us wait for gathering the negative momentum to increase the chances of breaking the support at $2.620, to attempt to reach the extra negative stations near $2.390 and $2.250.
The expected trading range for today is between $2.620 and $2.920
Trend forecast: Sideways
The EURJPY pair reached %23.6 Fibonacci correction level at 182.00, to form strong support to provide chances for recovering some losses by its rally near 183.70 level.
In general, the bearish scenario will remain valid depending on forming main barrier by 185.45 level against the current trading, which makes us wait for gathering negative momentum, which allows it to renew the negative attempts that might target 182.80 level, to attempt to renew the pressure on 182.00 support, while breaching the main barrier and holding above it will confirm its move to a positive station, to begin targeting several positive stations by its rally towards 186.00 and 186.60.
The expected trading range for today is between 182.80 and 184.30
Trend forecast: Bearish
The GBPJPY pair approached from the target at 210.45 in its last negative trend, which keeps forming strong support to allow it to form bullish corrective wave, recovering some losses by its rally towards 212.60.
Note that the stability below %61.8 Fibonacci correction level at 214.30 forms a main factor to confirm the dominance of the bearish bias in the upcoming trading, the attempt of providing negative momentum by the main indicators supports the attempt of forming bearish waves to target 211.80 and 211.30.
The expected trading range for today is between 211.30 and 213.20
Trend forecast: Bearish
Platinum price managed to settle above the moving average 55, confirming the attempt of activating the bullish trend again, to hit $2075.00 level, approaching the previously suggested initial main target.
Surpassing $2080.00 level, to open the way for resuming the bullish trend, to reach $2120.00, to extend the trading towards the next main target near $2190.00, note that the rise of changing the trend and forming bearish waves depends on breaking the support level at $1865.00.
The expected trading range for today is between $2020.00 and $2120.00
Trend forecast: Bullish