Natural gas price faced clear negative pressures yesterday due to stochastic approach to 20 level, to notice attacking 3.570$ that forms the way to motivate the previously suggested correctional bearish track.

We recommend to wait to achieve the required break to confirm targeting the negative stations near 3.420$ and 3.310$ to manage to close the recent gap.

The expected trading range for today is between 3.420$ and 3.700$

Trend forecast: Bearish

The EURJPY pair succeeded to crawling below the minor bullish channel’s support line at 162.20 to notice activating the negative attack and achieving the first target at 160.90.

Now, the consolidation of the MA55 near the broken support at 162.65 in addition to stochastic continuous attempt to provide the negative momentum allow us to suggest more negative attempts that might target 160.15 and 159.65 levels.

The expected trading range for today is between 160.15 and 162.15

Trend forecast: Bearish

The GBPJPY pair took advantage of stochastic negativity to form new bearish waves and notice crawling below the additional support 195.80 and achieving the previously suggested targets by touching 194.00, which forms 50% Fibonacci correction level as appears on the chart.

The price might form mixed trades due to the strength of 194.00 level, while the frequent negative stability below 195.80 and stochastic attempt to provide new negative momentum allow us to wait to break the current support and open the way to target new negative stations that might start at 193.45 and 192.70 levels.

The expected trading range for today is between 193.45 and 195.80

Trend forecast: Bearish

Platinum price formed temporary bullish rebound yesterday due to stochastic exit from the oversold areas, to notice rallying towards 925.00$, while forming minor bearish channel and facing new resistance at 940.00$ allow us to keep the negative overview that might target 905.00$ followed by 882.00$ levels.

On the other hand, breaching the current resistance and holding above it will cancel the negative overview for now to expect forming many bullish waves by rallying towards the MA55 at 955.00$, while surpassing it will push the price towards 974.00$ as a next target for the bullish attempts.

The expected trading range for today is between 905.00$ and 936.00$

Trend forecast: Bearish