Natural gas price surrendered to the negative pressure that comes from providing negative momentum by the main indicators, reaching below the main support at $3.000, attempting to confirm its negative trend by its fluctuation near $2.920.

We expect to suffer extra losses by reaching $2.810, then attempt to reach the key support at $2.640 level, forming a key for reducing the losses by holding above it, while breaking this support will open the way for targeting new bearish waves that might begin at $2.440.

The expected trading range for today is between $2.700 and $3.100

Trend forecast: Bearish

The EURJPY pair formed strong bullish rally yesterday, taking advantage of providing bullish momentum by the main indicators, to reach 184.05 level, facing %61.8 Fibonacci correction level as appears in the above image.

The current level forms the key of detecting the suggested targets in the near and medium trading, the price success by surpassing this barrier and holding above it will allow it to form strong bullish waves by reaching 184.95 and 185.45, while holding below it might force it to provide corrective trading and there is chance for declining towards 182.75 before reaching any suggested extra targets.

The expected trading range for today is between 183.00 and 184.70

Trend forecast: Bullish

The GBPJPY pair activated with the positivity of the main indicators, breaching 209.15 barrier, to confirm regaining the bullish trend, recording the initial target by its rally towards 210.65.

Despite forming extra barrier at 210.65 level, the stability of the moving average 5 below the current trading reinforces the chances of gathering extra positive momentum, to ease the mission of resuming the rise to expect targeting 211.15, to extend the trading towards 211.70, which represents the next main target in the current trading.

The expected trading range for today is between 210.10 and 211.70

Trend forecast: Bullish

Platinum price took advantage of the positive pressure, to keep forming bullish waves, approaching the initial target at $2245.00, forming a key barrier against confirming the main trend in near and medium trading.

Stochastic reach to the oversold level makes us expect motivating the price to breach the current barrier, to reinforce the chances of recording extra gains by its rally towards $2345.00 and $2465.00 initially, therefore, we recommend waiting for achieving the required breach to avoid any attempts to form corrective waves before reaching extra targets.

The expected trading range for today is between $2160.00 and $2345.00

Trend forecast: Bullish