Despite natural gas price consolidation below 6.600 resistance and the moving average 55 continuous negative momentum signals, the stability above 5.300 support line decreases the chances of suffering additional losses now.

We expect to form mixed waves to confine trades between the mentioned support and 6.200 resistance, also, note that succeeding to surpass the barrier might assist to form correctional bullish waves to increase the chances of regaining the bullish bias in the medium term period.

The expected trading range for today is between 5.600 and 6.200

The expected trend for today: Bearish

The Indian index confirmed its surrender to the domination of the correctional bearish bias by consolidating below 18835, to notice suffering some losses by moving towards 18360, noting that stochastic continuous to provide the negative momentum to increase the efficiency of the bearish track and wait to target additional negative stations that might extend towards 17940, to test the additional support that appears on the chart.

The expected trading range for today is between 18600 and 17940

The expected trend for today: Bearish

The EURJPY pair opened today by forming strong negative attack to break 143.80 support line and notice suffering big losses by moving towards 141.20, while the consolidation within the minor bearish channel and the moving average 55 attempt to form additional barrier at 142.50 will increase the chances of resuming the negative attack, to attempt to break 140.80 level to move into new negative track.

Note that stochastic crawl below 50 level will increase the efficiency of the bearish track due to getting the additional negative momentum.

The expected trading range for today is between 142.50 and 140.80

The expected trend for today: Bearish

The GBPJPY pair didn’t get enough by forming correctional bearish trades, to notice its crawl below the bullish channel’s support line at 163.00 to suffer big losses by touching 161.50 level, noting that the continuous fluctuation below the broken support will confirm moving towards the bearish track, to expect suffering additional losses that might extend towards 160.65 and 159.80 levels.

On the other hand, bouncing positively above 163.00 and getting positive close will increase the chances of regaining the bullish bias, to wait to gather the positive momentum followed by reaching 164.50 as a first positive target for the bullish track.

The expected trading range for today is between 162.80 and 160.65

The expected trend for today: Bearish