Natural gas prices faced extra negative pressure in yesterday’s trading by stochastic reach to 20 level, which forces it to form new bearish correction, to test $3.830 support and to settle above it.

The stability of today’s trading above the current support is important to reinforce the chances of gathering the positive momentum, then attempts to target some bullish stations by its rally towards $4.050 reaching the next target near $4.210, while breaking the current support and holding below it will force the price to suffer extra losses by reaching $3.690 and $3.550 before any new attempt to activate the bullish track again.

The expected trading range for today is between $3.800 and $4.050

Trend forecast: Bullish

The EURJPY pair confirmed its surrender to the dominance of the bearish corrective trend by providing new negative close below 178.00 level, forming several bearish corrective waves and reaching 176.65 to record the suggested initial target in our previous report.

The continuation of providing negative momentum by stochastic exit from the overbought level will increase the chances for confirming breaking the extra support at 177.05, which makes us prefer more of the negative attempts to target 176.30 level reaching the next target near 175.65.

The expected trading range for today is between 175.65 and 177.40

Trend forecast: Bearish

The GBPJPY pair activated the previously suggested bearish corrective track, putting it under strong negative pressure to achieve the previously suggested stations by reaching 201.15, then retesting the extra support at 201.75.

Forming extra barrier at 202.55 level and the continuation of providing negative momentum by stochastic will increase the efficiency of the bearish corrective track, to expect targeting 200.45 level, and surpassing it might extend the losses towards 199.20 directly.

The expected trading range for today is between 200.45 and 202.55

Trend forecast: Bearish

Platinum price ended the last corrective decline by testing the extra support at $1525.00, achieving the previously suggested initial corrective target, to form positive rebound and settle near $1575.00.

Note that surpassing $1605.00 level and holding above it will reinforce the chances of activating the bullish attack, to expect targeting $1665.00 level initially, reaching the barrier at $1695.00, while breaking the current support will force the price suffer extra losses that might extend to $1440.00.

The expected trading range for today is between $1540.00 and 1660.00

Trend forecast: Bullish