Natural gas prices provided a new negative closure below $3.450 level, to form negative waves by reaching $3.105, approaching the previous initial negative target.
The price needs a new negative momentum, to ease the way to press on $2.850 level and breaking it will open the way for resuming the bearish trend, to expect reaching $3.620.
The expected trading range for today is between $2.850 and $3.300
Trend forecast: Bearish
No news for the EURJPY pair due to the continuation of the main indication contradiction, to keep providing mixed trading, fluctuating near 182.60 level, reminding you that the stability below 184.40 level might assist renewing the negative attempts by breaking 182.00 level, to target extra bearish stations by reaching 181.55 and 180.80.
While the price failure of the break might help it to form some bullish waves, to rally towards %50 Fibonacci correction level at 183.35, reaching the mentioned barrier, representing the key of detecting the main trend in the upcoming trading.
The expected trading range for today is between 182.00 and 183.00
Trend forecast: Fluctuating within the bearish track
The GBPJPY pair lost positive momentum, forcing it to provide mixed trading as we expected previously to reach 211.05. The current negativity is caused by stochastic exit from the oversold levels, but it will not affect the bullish trend, depending on forming additional support at 210.60 against the current trading.
We expect forming mixed trading to confirm the importance of gathering positive momentum, which allows it to renew the bullish attempts by its rally towards 211.75 and 212.10, while reaching below the previously mentioned support and providing a negative close will force it to suffer several losses that might begin at 210.00 and 209.60.
The expected trading range for today is between 210.70 and 212.10
Trend forecast: Fluctuating within the bullish trend.
Platinum price surpassed the suggested negative targets by reaching $1978.00 level, attempting to catch its breath by its rally towards $2060.00, recovering some losses.
This rebound will not threaten the main negative track, due to the main stability below the resistance at $2210.00 level, besides the attempt of forming extra barrier at $2125.00 level, therefore, we will keep waiting for negative momentum, to ease the mission of renewing the bearish attempts, to target $1955.00 and $1910.00.
The expected trading range for today is between $1980.00 and $2100.00
Trend forecast: Bearish