Natural gas price surrendered to the stability of the bullish channel’s resistance line at 4.360$ on last Friday to force it to postpone the bullish rally and form temporary correctional rebound to settle near 3.800$.

This correctional decline won’t affect the main bullish track due to the frequent stability above the bullish channel’s support line at 3.610$, also, stochastic reach to the oversold areas will increase the chances of gathering the positive momentum to assist to form some bullish waves that might target 4.030$ level soon, followed by reaching the mentioned resistance line.

The expected trading range for today is between 3.800$ and 4.030$

Trend forecast: Bullish

Despite the EURJPY pair forming sideways trades and fluctuating near 160.65 now, that won’t affect the main bearish track due to the frequent consolidation below the additional barrier 161.70, in addition to the continuous negative momentum coming by the major indicators.

These factors will keep our bearish overview to attempt to renew the pressure on 159.80 obstacle to open the way to resume the negative attack and reach the additional stations represented by 159.10 and 157.85 levels.

The expected trading range for today is between 159.10 and 161.20

Trend forecast: Bearish

The GBPJPY pair failed to resume the negative attack after facing 189.30 level that forms solid obstacle against the bearish attempts, to form correctional bullish rebound by settling near 190.40.

The contradiction between the major indicators’ negativity against the price stability above the current obstacle allows us to expect its affection by the domination of the sideways bias due to 191.40 level forming new additional barrier and stay neutral until surpassing one of these levels, noting that declining below 189.30 and providing negative close below it will force the price to suffer additional losses by crawling towards 188.10 followed by reaching 186.70 on the near-term basis.

The expected trading range for today is between 189.30 and 191.40

Trend forecast: Neutral

Platinum price continued to face the negative pressures by fluctuating above the additional support 930.00$, confirming keeping the previously suggested bullish track to notice rallying towards 944.00$ now.

Stochastic attempt to exit the oversold areas will assist to renew the bullish attempts to succeed to surpass the MA55 at 955.00$ followed by starting to record many gains by rallying towards 983.00$ first.

The expected trading range for today is between 930.00$ and 960.00$

Trend forecast: Bullish