Natural gas price confirmed its surrender to the bullish bias dominance by its stability within the minor channel’s levels, leaning on the extra near $4.205, to settle near 44.500.
The continuation of providing positive momentum by the main indicators will help it to activate the bullish trend again, to keep waiting for achieving extra targets that are located near $4.750 reaching the medium period trading towards the next main target at $4.910.
The expected trading range for today is between $4.300 and $4.750
Trend forecast: Bullish
The EURJPY pair affected by stochastic positivity, form bullish waves to retest the barrier at 177.85, to settle below it to keep the chances of activating the bearish corrective track, note that the initial corrective target in the current trading near 177.05 level, by providing negative momentum that might help it to reach near 175.85 support.
While confirming regaining the bullish bias requires forming a new bullish rally, to open the way a new chance to press on the top at 178.70. surpassing it will make it record new gains by its rally towards 179.30 and 180.00.
The expected trading range for today is between 177.00 and 178.15
Trend forecast: Bearish.
The GBPJPY pair provided more positive attempts to attack the barrier at 202.40, to settle below it, the suggested scenario in the near-term trading depends on the strength of this barrier, to expect forming bearish corrective wave by reaching 201.30 to target the support near 200.25.
While the price success surpasses the current barrier and providing positive close above it will provide a real chance for renewing the bullish attack by targeting 203.35 level initially reaching the next barrier at 203.90.
The expected trading range for today is between 201.30 and 202.40
Trend forecast: Bearish
Platinum price began today’s trading with clear positivity by its stability above the sideways track at $1520.00, to record some gains by its rally towards $1570.00.
The continuation of providing positive momentum by stochastic will increase the chances of attacking the barrier near $1605.00, to confirm that surpassing it is important to open the way towards achieving extra gains by its rally towards $1642.00 and $1660.00.
The expected trading range for today is between $1520.00 and $1605.00
Trend forecast: Bullish