Natural gas prices succeeded in resuming the bullish attack by its rally above the barrier at $4.750, confirming their readiness to provide new bullish trading in the near and medium period.

The continuation of providing support by the main indicators will ease the mission of surpassing the initial target at $4.910, waiting for reaching the next stations at $5.180, while holding below $4.750 might force it to provide mixed sideways trading before reaching the previously suggested positive stations.

The expected trading range for today is between $4.650 and $5.180

Trend forecast: Bullish

The EURJPY pair ended Friday’s trading by providing new negative close below 181.75, which forces it to delay the bullish rally and form corrective waves by reaching 180.20.

Note that the stability below the barrier and providing negative momentum by stochastic approach from 50 level, these factors will support the dominance of the corrective bias, to expect targeting 179.90 level, then attempts to press on the extra support at 179.40, forming a confirmation key for the expected trend in the upcoming trading.

The expected trading range for today is between 179.40 and 181.00

Trend forecast: Bearish

The GBPJPY pair failed to settle above the barrier at 206.95 level, forcing it to form corrective waves to settle near 205.75 as appears in above image.

Stochastic attempt to exit the oversold level, to increase the intraday negative pressures on the trading, to increase the chances of testing extra support at 205.20, where breaking it will force it to suffer extra losses by reaching 204.60 and 204.10, while renewing the bullish attempts require providing new positive close above 206.90, to ease the mission of recording the main positive targets that extend to 207.70 and 208.25.

The expected trading range for today is between 205.20 and 206.60

Trend forecast: Bearish 

Platinum price continued to form repeated bullish trading, recording some gains by hitting $1724.00 level, to bounce back to settle near $1695.00 level.

No escape for resuming the bullish attack, as there are several factors that begin by the stability above $1605.00 support, besides the unionism of providing bullish momentum by the main indicators, therefore, we will keep our bullish suggestion that might target $1745.00 and $1778.00 level.

The expected trading range for today is between $1680.00 and $1745.00

Trend forecast: Bullish