Natural gas price repeatedly provided negative close below the broken support at $4.100 level, forming a new resistance against the current trading, and stochastic attempt to provide negative momentum by reaching below 50 level will force the price to form new bearish waves, reaching $3.450 and surpassing it might force it to decline towards $3.220, to test high liquidity grab zones.

While the rally above $4.100 and providing bullish close will increase the chances of forming new bullish waves, to attempt to reach $3.370 initially, then waiting for targeting %38.2 Fibonacci correction level near $4.750.

The expected trading range for today is between $3.450 and $4.100

Trend forecast: Bearish

There is no change in the EURJPY pair track until this moment, due to its stability above the bullish channel’s support at 182.00, providing some sideways trading due to the contradiction between the main indicators, by stochastic reaching below 50 level.

The price might keep providing sideways trading until gathering the bullish momentum, reinforcing the chances of attacking 184.00 soon, and surpassing it will ease the mission of achieving extra gains by its rally towards 184.55 and 184.85.

The expected trading range for today is between 182.60 and 184.00

Trend forecast: Bullish

The GBPJPY pair kept its stability since yesterday’s trading above 210.40 level, increasing the chances of gathering the required bullish momentum to motivate the suggested bullish trend, reminding you that the initial positive target is located near 211.70 level, and surpassing the moving average 55 will reinforce the chances of recording extra gains by its rally towards 212.15, to press on the previously broken bullish channel’s support that appears in the above image.

Facing new bearish pressure and reaching below the previously mentioned support will confirm its surrender to the bearish corrective bias dominance, which forces it to suffer extra losses by reaching 209,60 followed by 209.00.

The expected trading range for today is between 210.65 and 212.15

Trend forecast: Bullish

Platinum price remains affected by forming strong barrier at $2835.00 level, to provide temporary corrective trading by its stability near $2685.00.

The continuation of the main indicators contradiction might push the price to provide new corrective trading, to expect reaching $2560.00 then attempting to test the support at $2465.00, while the stability above $2710.00 might motivate the bullish attempts again by attacking $2835.00 barrier, to find an exit to resume the bullish attack in the upcoming period trading.

The expected trading range for today is between $2550.00 and $2710.00

Trend forecast: Fluctuated within the bullish trend