Natural gas price formed new bullish wave by surpassing the bearish channel’s resistance line at 2.220$, to notice attacking the MA55 again, which forms an additional obstacle against the attempts to settle near 2.290$.

Confirming moving to the bullish track requires surpassing the MA55 and settling above 50% Fibonacci correction level at 2.340$, to start suggesting the bullish attempts that might target 2.450$ initially, while turning back to fluctuate below the breached resistance will confirm targeting many negative stations that start at 2.080$ and 2.020$.

The expected trading range for today is between 2.340$ and 2.210$

Trend forecast: Bullish

The EURJPY pair continued to form strong negative trades due to the frequent consolidation below 161.60 barrier, to notice approaching the second negative target at 158.00.

Note that stochastic attempt to crawling towards the oversold areas might increase the negative pressures and provide the chances to break 158.00 and open the way to target new negative stations in the medium-term period by crawling towards 157.25 and 156.40.

The expected trading range for today is between 157.25 and 159.60

Trend forecast: Bearish

The GBPJPY pair took advantage of the negative pressures caused by the MA55 and stochastic that provide the negative momentum to notice crawling below 188.20 support line and confirm its surrender to the bearish scenario by fluctuating near 187.85.

Also, 38.2% Fibonacci correction level attempt to form additional barrier at 189.30 will increase the chances of resuming the negative attack, waiting to target 186.40 level soon, followed by reaching the next main target at 184.50.

The expected trading range for today is between 186.40 and 189.00

Trend forecast: Bearish

Platinum price was affected by the continuous contradiction between the major indicators, to notice postponing the negative attack and form some correctional bullish waves by settling near 930.00$.

We remind you that the frequent stability below 50% Fibonacci correction level at 950.00$ forms major factor to confirm the continuation of the negativity, thus, we will keep waiting to gather the negative momentum followed by starting to attack the negative stations by crawling towards 907.00$ and 895.00$.

The expected trading range for today is between 907.00$ and 940.00$

Trend forecast: Bearish