Natural gas price still affected by the negative pressures, to notice providing frequent closings below 2.150 resistance, forming new negative crawl by reaching 1.800, also, the continuous negative momentum provided by the major indicators will force the price to suffer additional losses, to keep waiting to reach the historical support at 1.560, which forms the main target for the current trades.
The expected trading range for today is between 2.000 and 1.560
The expected trend for today: Bearish
The EURJPY pair ended the recent bullish rally by touching 161.25 level, followed by noticing that formation of weak sideways trades by fluctuating near 160.85, affected by stochastic exit from the overbought areas, which target providing new positive momentum for the near-term trades.
We remind you that it is important to hold above 160.80 to decrease the chances of the correctional decline, to expect gathering the additional positive momentum and form new bullish rally to target 161.75 followed by reaching the next main target at 162.30.
The expected trading range for today is between 160.85 and 161.75
The expected trend for today: Bullish
The GBPJPY pair ended the recent bullish rally by testing 189.00 barrier and settles below it, to form solid obstacle against the bullish attempts, to notice forming weak waves by settling near 188.45.
On the other hand, stochastic attempt to crawl towards the overbought areas and the stability of the additional support at 186.50 allow us to wait to gather the additional positive momentum to manage to surpass the current barrier and target new positive stations that start at 189.80 followed by reaching 191.70 in the upcoming period.
The expected trading range for today is between 187.90 and 189.00
The expected trend for today: Sideways
Platinum price formed more negative attempts on last Friday, approaching the target at 867.00 followed by forming correctional bullish rebound towards 877.00, hinting its affection by the contradiction between the major indicators.
We expect to witness mixed trades until gathering the additional negative momentum to manage to keep its negative stability below 893.00 followed by attempting to target new negative stations that might extend towards 859.00 followed by reaching 840.00 in the medium-term period.
The expected trading range for today is between 885.00 and 860.00
The expected trend for today: Bearish