Natural gas price touched the negative reached the negative target at $3.380, to bounce above the broken extra support at $3.610, recovering some of the intraday losses by the continuation of providing positive momentum by the main indicators in the last period.

We expect forming some bullish waves, to target $4.180, which represents a strong obstacle against the bullish trading, while surpassing it will reinforce the chances for achieving new gains that might begin at $4.280 and $4.460.

The expected trading range for today is between $3.600 and $4.050

Trend forecast: Bullish

The EURJPY pair faced to resume the negative attack by attacking extra support at 159.60 level, which forces it to delay the negative attack and providing mixed trading, to settle near the moving average 55 at 161.00.

Note that the continuation of the trading stability below the bearish channel’s resistance at 163.25 that appears in the above image represents a main factor that confirms the continuation of the negativity in the upcoming trading, therefore, we will keep waiting for gathering extra momentum that allows it to break the support at 157.60, then wait for reaching the negative stations near 158.90 and 157.40.

The expected trading range for today is between 159.60 and 162.20

Trend forecast: Bearish

The GBPJPY pair succeeded to compensate several previously achieved losses, forming a strong bullish rebound after hitting 184.38 level, to notice attacking the resistance at 189.60, which represents the threshold for confirming the main trend on the near and medium trading.

The stability of the price below this resistance makes us expect renewing the negative attempts, attempting to reach below 38% Fibonacci correction level at 187.90, then targeting some of the negative stations by reaching 187.10 and 186.60, while breaching the resistance and holding above it will reinforce the chances for compensating more of the losses by reaching 190.75, which represents the initial positive target for the bullish trading.

The expected trading range for today is between 187.10 and 189.50

Trend forecast: Bearish

Platinum price continued forming the bullish correctional trading, surpassing the obstacle at $920.00, to begin recording some of the gains by reaching $930.00, getting advantage from the continuation of the positive momentum that come from stochastic, which approaches from 50 level.

Reminding you that the bullish suggestion on the current trading will remain valid, depending on the stability of the support at $895.00, to expect reaching 50%Fibonacci correction level at $950.00, and surpassing it will lead the price to test the resistance at $961.00

The expected trading range for today is between $920.00 and $950.00

Trend forecast: Bullish