No news for natural gas price, to continue fluctuating within the sideways track represented by 1.950 support and 2.500 resistance that keeps hindering the correctional bullish attempts.
These factors allow us to monitor the price behavior and wait to surpass one of the major levels to manage to detect the expected targets on the near term and medium term period, as breaching the resistance will allow the price to record some gains by reaching 2.850 followed by 3.100, while crawling below 1.950 and providing negative close will force it to resume suffering the losses, to expect moving towards 1.480 followed by reaching the psychological barrier at 1.000.
The expected trading range for today is between 2.150 and 2.500
The expected trend for today: Sideways
The EURJPY pair trades extended towards 150.85 this morning, attempting to enter the bullish channel to confirm the continuation of the positivity for the upcoming period, while we will depend on 149.35 level forming the additional support in addition to the continuous positive momentum coming by the major indicators to ease the mission of providing positive closings within the bullish channel, to target more positive stations by rallying towards 151.45 followed by reaching the next main target at 152.15.
The expected trading range for today is between 150.00 and 151.45
The expected trend for today: Bullish
The GBPJPY pair took advantage of entering the bullish channel by surpassing 167.50 level, to notice forming strong bullish rally and achieve big gains by touching 171.15 level, expecting to form additional support at 169.25 to increase the efficiency of the bullish track, to expect moving towards the target at 142.50, while surpassing it might extend trades towards the next main target at 173.65.
We notice stochastic crawl towards the overbought areas, to increase the chances of gaining the positive momentum and ease the mission of resuming the rise to achieve the previously suggested additional targets.
The expected trading range for today is between 170.85 and 172.50
The expected trend for today: Bullish
Platinum price still confined with many negative factors, as it settles below the additional barrier 1105.00, in addition to stochastic negative momentum signals.
The current fluctuation near 1070.00 level prepares to move towards the next negative stage, which might target 1040.00 followed by reaching the MA55 that forms the next main target at 1010.00.
The expected trading range for today is between 1085.00 and 1040.00
The expected trend for today: Bearish