Natural Gas Price Analysis

Expected Scenario

• Despite natural gas price weak trades yesterday, the frequent stability above the additional support 2.220$ confirms the efficiency of the previously suggested bullish track, to notice its fluctuation near 2.360$ now.
• We notice the continuous positive momentum by stochastic, to expect easing the mission to resume recording the positive gains, waiting to touch 5.520$ level soon, while surpassing it might push the price towards 5.640$ as a next target.

Expected Trading Range

Between 2.280$ and 2.520$

EURJPY Price Analysis

Expected Scenario

• The EURJPY pair ended the recent positive rally by touching 169.40 level, to form additional barrier against the attempt to resume the bullish attack and form temporary negative rebound towards 169.00, noting that stochastic exit from the overbought areas will force the price to provide some correctional negative trades, waiting to target 168.65 followed by reaching the first additional support at 168.10.
• On the other hand, succeeding to gather the additional positive momentum and breaching the barrier will cancel the correctional overview and start new bullish waves in order to achieve new gains that might extend towards 169.75 and 170.40.

Expected Trading Range

Between 169.40 and 168.60

GBPJPY Price Analysis

Expected Scenario

• The GBPJPY pair touched 197.10 target yesterday, to form solid barrier against the attempts to resume the rise as it forms 61.8% Fibonacci correction level, hinting postponing the bullish track temporarily until achieving the required breach.
• Also, stochastic attempt to exit the overbought areas might assist to activate the attempts to gain profits and start forming correctional bearish waves that might target 196.50 and 196.15 levels soon, while succeeding to breach the barrier and holding above it will support the chances of reaching new positive stations that might extend towards 197.90 followed by reaching the bullish channel’s resistance at 198.45.

Expected Trading Range

Between 197.10 and 196.50

Platinum Price Analysis

Expected Scenario

• Platinum price didn’t get enough by touching the main target 1040.00$ yesterday, to notice taking advantage of the positive factors represented by the major indicators that provide the positive momentum, in addition to forming additional support at 1015.00, to assist to resuming the bullish attack and achieve new gains by reaching 1058.50$.
• The mentioned positive factors allow us to keep the bullish overview for now, which increases the chances of reaching the historical resistance 1085.00$, to form the next target of the bullish trades followed by monitoring the price behavior due to the importance of this resistance to detect the expected trend for the upcoming period.

Expected Trading Range

Between 1040.00$ support and 1085.00$ resistance.