Natural Gas Price Analysis

Expected Scenario

• Natural gas price kept its stability within the minor bullish channel to form new sideways fluctuation by settling near 2.850$, affected by stochastic fluctuation near 50 level that contradicts the MA55 rally towards the key support at 2.410$.
• The sideways trades might continue temporarily until succeeding to gain the additional positive momentum, to manage to activate the bullish track, reminding you that the initial targets are located near 3.150$ and 3.500$.

Expected Trading Range

Between 2.750$ and 3.150$.

GBPJPY Price Analysis

Expected Scenario

• The GBPJPY pair returned to activate the bullish track again by surpassing key barrier represented by 201.40 level, to notice targeting new positive stations now by reaching 202.15 and settling near it, expecting to form additional support at 201.40 and get positive momentum by stochastic to resume the bullish attack, waiting to target 202.55 followed by reaching 203.20 as a next main target.

Expected Trading Range

Between 201.60 and 202.55.

Platinum Price Analysis

Expected Scenario

• Platinum price ended last Friday by providing clear positive close above 983.00$ barrier, surpassing 50% Fibonacci correction level and confirming the preparation to activate the bullish attack again, reminding you that the current additional targets are located near 1015.00 followed by reaching 1042.00$ barrier.
• On the other hand, turning back to fluctuate below 983.00$ and providing negative close will assist to activate the negative track again, to expect suffering intraday losses by crawling towards 960.00$ to test the MA55 before reaching any new positive target.

Expected Trading Range

Between 980.00$ support and 1015.00$ resistance.

Copper Price Analysis

Expected Scenario

• Copper price returned to provide some sideways trades by settling near 4.4700$ level, postponing the bullish rally due to the contradiction of stochastic against the frequent stability above 2.3600$ support line.
• The price needs new positive momentum to manage to hold above the current support again followed by starting to form bullish waves to target the positive stations represented by 4.7700$ and 4.8600$.

Expected Trading Range

Between 4.4000$ support and 4.7700$ resistance.