Natural gas price remains stability until this moment below the moving average 55, which represents an extra barrier at $3.350, stabilizing negatively near $3.150.
The attempt of stochastic to exit the overbought level will increase the negative pressures on the trading, to expect forming extra bearish waves, to target $2.950 and $2.800 level, while activating the bullish trend depends on stepping above the barrier at $3.530 and providing repeated positive closes.
The expected trading range for today is between $2.950 and $3.300
Trend forecast: Bearish
The EURJPY pair resisted the negative pressure, ending the negative attempts by providing positive close above the extra support at 184.25, forming some bullish waves to settle near 185.00.
MoreThe GBPJPY pair formed more bearish waves, approaching 212.80 to begin recovering some losses by its rally towards 214.00 as appears in the above image.
MorePlatinum price resumed the negative attempts, to settle near the initial additional target at $1742.00, which represents confirmation key for the suggested trend in the near trading.
More