Natural gas price repeats the positive stability – Analysis – 15-9-2023
Natural gas price repeated the positive closings, taking advantage of the support line stability at 2.450, to notice the attempt to gather the positive momentum by fluctuating near 2.750, keeping its stability above the MA55.
Also, stochastic attempt to gather the additional positive momentum will increase the chances of start recording the positive targets, waiting to touch 3.100 level followed by attempting to press on the additional barrier 3.550.
The expected trading range for today is between 2.650 and 3.100
The expected trend for today: Bullish
The EURJPY still bullish – Analysis – 15-9-2023
The EURJPY pair faced sudden intraday negative pressures to force it to form correctional bearish wave and touch 156.65 followed by rallying above 157.00 again.
We remind you that the bullish scenario will remain valid as long as the price is above the main bullish channel’s support line at 156.40, thus, we will continue to suggest the bullish trades, reminding you that the initial targets are located near 158.60 and 159.20.
The expected trading range for today is between 157.00 and 159.20
The expected trend for today: Bullish
The GBPJPY repeats the positive closings – Analysis – 15-9-2023
The GBPJPY pair resisted the temporary negative pressures, providing new positive close above the minor bullish channel’s support line at 182.90, to notice forming new positive crawl and settle near 183.70.
Now, stochastic attempt to provide the positive momentum to ease the mission of reaching the first main target at 185.30, followed by waiting to attack 186.00 obstacle as a second target for the bullish bias.
The expected trading range for today is between 183.40 and 185.00
The expected trend for today: Bullish
Platinum price awaits the negative momentum – Analysis – 15-9-2023
No news for platinum price that continues to form weak sideways trades, postponing the negative attack by settling near 920.00, while the temporary sideways move is caused by the contradiction between the major indicators, as stochastic approaches 80 level.
On the other hand, the frequent negative stability below the additional barrier 950.00 will motivate the bearish scenario to keep waiting to succeed gathering the additional negative momentum followed by waiting to touch the negative stations represented by 880.00 followed by 855.00.
The expected trading range for today is between 930.00 and 880.00
The expected trend for today: Bearish