Natural gas price repeats the sideways fluctuation – Analysis – 13-3-2023
No news for natural gas price until this moment, to continue forming weak sideways waves by fluctuating near 2.550 level, affected by the negativity of the major indicators, which hinder the attempt to resume the correctional bullish attack that depends on the stability of the additional support at 2.400.
Stochastic reach to the oversold areas confirms getting rid of the negative pressures, to expect gathering the additional positive momentum and start forming correctional bullish waves to attempt to achieve some gains by rallying towards 3.100 followed by reaching the additional barrier near 3.500.
The expected trading range for today is between 2.350 and 3.000
The expected trend for today: Bullish
The EURJPY provides negative signal – Analysis – 13-3-2023
The EURJPY pair provided negative signal on last Friday below the sideways range’s support line at 144.00, to notice suffering some losses by touching 142.90 level, while stochastic attempts to provide the negative momentum allows us to suggest more negative trades that might target 142.20 followed by 141.35 as a next main target.
The expected trading range for today is between 144.40.0 and 142.50
The expected trend for today: Bearish
The GBPJPY needs new momentum – Analysis – 13-3-2023
No news for the GBPJPY pair until this moment, to continue providing mixed trades after touching 161.50 level, affected by stochastic exit from the oversold areas, to hinder the negative attempts for now.
On the other hand, the frequent stability below the additional barrier at 163.50 allows us to keep the bearish overview, waiting to gather the negative momentum followed by starting to form strong bearish waves to target 161.25 followed by 160.55 levels.
The expected trading range for today is between 163.00 and 161.50
The expected trend for today: Bearish
Platinum price moves towards the moving average – Analysis – 13-3-2023
Platinum price repeated the correctional bullish rebound to approach the MA55 at 975.00, noticing the attempt to consolidate above 965.00 barrier, to increase the chances of resuming the correctional bullish attack, to expect surpassing the MA55 and reach 1005.00 direct.
Also, stochastic provides the positive momentum to assist to confirm the upcoming positive trades until reaching the suggested target.
The expected trading range for today is between 955.00 and 990.00
The expected trend for today: Bullish