Despite the weak trading of the Natural gas price, its negative stability below the resistance at $3.140 confirms its surrender to the suggested bearish scenario, to notice its fluctuation near $2.800.

Stochastic attempt to provide negative momentum by its repeated fluctuating near 20 level motivating the price to resume the negative momentum, to target $2.610 level, attempting to reach the next support at $2.390.

The expected trading range for today is between $2.610 and $2.920

Trend forecast: Bearish

The EURJPY pair provided slow mixed trading, to keep its fluctuation near the initial barrier at 172.00 level, affected by the continuation of the main indicators’ contradiction.

Despite the stability of the price within the bullish channel’s levels, the continuation of forming an extra resistance at 173.45 level and stochastic attempt to provide negative momentum, these factors support our bearish correctional scenario, which might target 171.30 and 170.45.

The expected trading range for today is between 171.30 and 172.45

Trend forecast: Bearish

The GBPJPY pair provided temporary positive trading, attempting to recover some of its losses by its rally to 199.35, to begin declining affected by stochastic negativity, approaching from 20 level as appears in the above image.

The attempts of forming an extra barrier at 199.60 level confirms the price confinement within the bearish track, to keep preferring the negative attempts, that might target 198.20 reaching 197.45, to face 61.8%Fibonacci correctional level.

The expected trading range for today is between 198.20 and 199.40

Trend forecast: Bearish

Platinum price provided positive signal by its rally above the moving average 55, attempting to settle above the barrier at $1342.00 to reinforce the chances for forming new bullish waves, while stochastic exit from the overbought level might force it to provide new sideways trading until gathering the positive momentum.

Overall, we will begin preferring the bullish attempts depending on the stability of the support at $1302.00, note that there is a chance for recording several gains by its rally to $1365.00 and $1383.00.

The expected trading range for today is between $1330.00 and $1365.00

Trend forecast: Bullish