No change on the Natural gas price’s track, despite its rally towards $2.830 due to its stability below the main resistance at $3.150, and stochastic reach to the overbought level confirms surpassing the temporary positive pressures, providing a new chance for receiving the required negative momentum to renew the pressure on the barrier at $2.620, and breaking it will extend the losses towards the next main target at $2.390.
The expected trading range for today is between $2.620 and $2.900
Trend forecast: Bearish
The EURJPY pair remains affected by the dominance of the sideways bias until this momentum, due to the continuation of the contradiction between stochastic negativity by its reach below 50 level and the stability within the main bullish levels, besides the stability of the moving average 55 near the support of the channel at 168.85.
Reminding you that the continuation of forming extra support at 170.45 level supports our bullish expectation by confirming its stability within the bullish track, therefore, we will keep waiting for gathering the positive momentum, to ease the mission of pressing on the barrier at 173.40, then begin targeting the main stations near 174.10 and 175.20.
The expected trading range for today is between 171.25 and 173.40
Trend forecast: Bullish
The GBPJPY pair provided weak sideways trading, but its stability above the extra support at 197.85 assist to confirm the suggested positive continuation, to notice its fluctuation since morning near 199.00.
Note that providing positive momentum by stochastic will increase the efficiency of the bullish track, to keep our expectation of targeting 200.30 level, and surpassing it will extend the trading towards the positive stations near 200.80 and 201.55.
The expected trading range for today is between 198.20 and 200.80
Trend forecast: Bullish
Platinum price surprised by a new obstacle at $1355.00, decelerating the chances of resuming the bullish attempts, which force it to form sideways fluctuation near $1345.00 level, by the above image we notice forming an important extra support at $1326.00 to reinforce the dominance of the bullish bias, increasing the chances for gathering the positive momentum in the current period.
Therefore, we will keep our bullish scenario depending on the stability of the extra support, to wait for breaching the extra barrier to open the way for achieving more of the gains by its rally towards $1383.00 reaching $1408.00.
The expected trading range for today is between $1335.00 and $1383.00
Trend forecast: Bullish