Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Natural gas price settles within the bullish channel – Forecast today – 21-1-2025

Economies.com
2025-01-21 05:37AM UTC

No change to natural gas price bullish track due to the continuous fluctuation within the bullish channel that its major support line extends towards 3.650$, also, stochastic reach to the oversold areas confirms getting rid to the negative pressures, to expect renewing the bullish attempts and target 4.030$ followed by 4.330$ levels on the near-term basis.

 

The expected trading range for today is between 3.700$ and 4.030$

 

Trend forecast: Bullish

The EURJPY settles below the moving average – Forecast today – 21-1-2025

Economies.com
2025-01-21 05:36AM UTC

The EURJPY pair ended yesterday by providing new negative close below the MA55 at 162.50, to confirm keeping the previously suggested negative scenario and notice crawling towards 161.10.

 

Facing continuous negative pressures will increase the chances of attacking 160.20 level, while breaking this obstacle will push the price to target additional negative stations that might extend towards 159.10 followed by 157.85 levels on the medium-term basis.

 

The expected trading range for today is between 160.20 and 162.00

 

Trend forecast: Bearish

The GBPJPY tends towards the negativity – Forecast today – 21-1-2025

Economies.com
2025-01-21 05:35AM UTC

The GBPJPY pair faced 191.80 level yesterday to form new barrier against the correctional bullish attempts, to notice forming strong negative wave since morning to settle near 190.70 level.

 

We expect to renew the negative attempts to renew the pressure on 189.30 support line, while breaking it will confirm moving to new negative level by targeting 188.10 followed by 186.70 levels.

 

The expected trading range for today is between 189.30 and 191.80

 

Trend forecast: Bearish

Platinum price gets the positive momentum – Forecast today – 21-1-2025

Economies.com
2025-01-21 05:34AM UTC

Platinum price started to get the positive momentum after stochastic exit from the oversold areas, forming some bullish waves to approach 955.00$ obstacle, assuring the importance of surpassing this obstacle to open the way to record many gains by rallying towards 983.00$ level first, followed by reaching 1005.00$ on the near-term basis.

 

The risks of changing the bullish trend will appear in case the price formed sharp decline to settle below 920.00$ level, to return to fluctuate within the minor bearish channel that appears on the chart.

 

The expected trading range for today is between 930.00$ and 965.00$

 

Trend forecast: Bullish