Natural gas price succeeded in confirming the dominance of the bearish bias by reaching below the moving average55 yesterday, to break the extra support at $3.600 as appears in the above image.

The unionism of the main indicators by providing negative momentum makes us expect providing new bearish trading, to target $3.450 level reaching the next target near $3.290, while regaining the bullish bias requires forming a strong bullish rally to surpass the resistance at $3.900.

The expected trading range for today is $3.450 and $3.600

Trend forecast: Bearish

The EURJPY pair took advantage of the repeated stability within the bullish channel’s levels, besides forming extra support at 164.80 level, achieving the initial target by hitting 165.80 level and holding near it.

The continuation of providing positive momentum by the main indicators will increase the chances for forming new bullish waves, attempting to reach 166.45 and surpassing this barrier will extend the trading towards 167.15, forming the next main target in the near term trading.

The expected trading range for today is between 165.00 and 166.45

Trend forecast: Bullish

The GBPJPY pair kept its stability within the bullish channel’s levels, taking advantage of forming extra support at 194.50 level, to notice forming some bullish waves and its stability near 195.50, to confirm the continuation of the previously suggested bullish scenario.

The price needs a new positive momentum that allows it to settle above the obstacle at 195.65 level, to begin forming strong bullish waves, targeting 196.30 level reaching 61.8%Fibonacci correction level at 197.35, forming the next main target for the bullish track.

The expected trading range for today is between 194.80 and 196.30

Trend forecast: Bullish

Platinum price announced its continuous surrender to the bullish bias domination by surpassing the resistance at $1223.00 level, to notice achieving extra gains by hitting $1240.00.

Despite the stability of stochastic within the overbought level but the price success to settle above $1223.00 will increase the chances for targeting new bullish stations that might extend to $1255.00 reaching the previously achieved top at $1275.00.

The expected trading range for today is between $1220.00 and $1255.00

Trend forecast: Bullish