Natural gas price confirmed its surrender to the negative pressure by providing repeated closing below $4.200 level, suffering clear losses by approaching the initial negative target at $3.750 then rebounding to settle above the bullish channel’s support at $3.950.

We recommend waiting to confirm breaking the current break to confirm moving to the negative track, then attempts to target more negative stations by reaching $3.620 and $3.480, while its rally above $4.200 will cancel the negative overview, providing chance to begin forming bullish waves, to target $4.510 level initially.

The expected trading range for today is between $3.620 and $4.150

Trend forecast: Bearish by the stability of $4.200

The EURJPY pair repeatedly provided positive closes above 181.70 support level, forcing it to form weak sideways trading due to its neediness to the bullish momentum that comes from stochastic fluctuating near20 level.

The price needs a new bullish that allows it to form new bullish trading, attempting to reach 182.40 and surpassing this obstacle might extend the trading towards 183.20, while facing extra negative pressure and reaching below the current support will force it to suffer several losses by reaching 181.40 initially.

The expected trading range for today is between 181.70 and 182.40

Trend forecast: Bullish

The GBPJPY pair succeeded in surpassing the negative pressure, keeping its stability above the initial support at 206.90, noticing the attempt of forming new bullish waves by its rally towards 208.10 barrier, announcing its surrender to the dominance of the sideways bias by the stability of the main levels.

The contradiction between the main indicators confirms the sideways trend in the current trading, to stay aside and monitor the price until surpassing the previously mentioned levels, breaching the barrier and holding above it will open the way for activating the bullish track again and holding below it will force it to force the price to resume the corrective decline, to expect reaching 206.25 and 205.80.

The expected trading range for today is between 207.00 and 208.10

Trend forecast: Neutral

Platinum price began this morning trading with strong positive trading, surpassing the minor bullish channel’s resistance at $1865.00 level, taking advantage of the bullish momentum from the main indicators, to notice recording new historical gains by hitting $1898.00 level.

Note that forming extra support at $1860.00 level and providing bullish momentum by the main indicators, these factors confirm the continuation of the positivity in the near period, attempting to achieve extra gains by reaching $1925.00 followed by 161.8%Fibonacci extension level at $1959.00.

The expected trading range for today is between $1825.00 and $1925.00

Trend forecast: Bullish