Natural gas price lost the positive momentum to postpone the correctional bullish attack and fluctuate near the additional support at 2.400, while the current support forms the key to detect the next trend, as settling above it will push the price to gather the positive momentum again, to manage to cover more losses and target 3.000 followed by 3.500 levels.
On the other hand, surrendering to the negative pressures and crawling below 2.400 will force it to form strong negative waves, to suffer more losses and move towards 2.2000 and 1.650 levels.
The expected trading range for today is between 2.350 and 2.950
The expected trend for today: Bullish
The EURJPY pair provided new negative close yesterday below 144.00, to hint keeping the domination of the main bearish bias and notice forming strong negative attack, achieving 139.45 level and bouncing above the additional support at 140.25.
We expect to witness temporary sideways fluctuation until gathering the negative momentum again to ease the mission of confirming breaking the additional support and open the way to resume the negative to reach the additional stations near 139.00 and 138.20 levels.
The expected trading range for today is between 141.55 and 139.00
The expected trend for today: Bearish
The GBPJPY pair ended the correctional bullish rebound by providing new negative close below 164.55 barrier, to surrender to stochastic negativity and form strong negative waves yesterday, to touch 159.20 level.
These factors confirm surrendering to the domination of the bearish bias, to expect fluctuating below the MA55 at 162.30, and renew the negative attempts to head towards recording the next negative target at 158.60.
The expected trading range for today is between 161.20 and 158.60
The expected trend for today: Bearish
Platinum price lost the positive momentum to form temporary negative rebound and test 50% Fibonacci at 955.00 and hold above it, while the contradiction between the major indicators might force the price to postpone the bullish attack and provide more sideways fluctuation to confine trades between 980.00 and form intraday barrier against the bullish attempts, while the stability of 955.00 level will decrease the chances of suffering any additional losses now.
On the other hand, succeeding to surpass 980.00 level will open the way to form strong bullish waves to ease the mission of recording the positive targets that might start at 1005.00 followed by reaching 1040.00.
The expected trading range for today is between 950.00 and 980.00
The expected trend for today: Bullish