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Natural gas price touches the second target – Analysis – 20-10-2022
Natural gas price renewed the negative trades yesterday, to keep the stability within the bearish channel and achieve the second negative target at 5.550, expecting to form some sideways fluctuation until gathering the additional negative momentum to assist to open the way to resume the negative attack and target the bearish channel’s support line at 5.100 direct.
The expected trading range for today is between 5.850 and 5.100
The expected trend for today: Bearish
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Nikkei index attempts to cover the losses – Analysis – 20-10-2022
Nikkei index started to get the positive momentum after stochastic exit from the oversold areas, to manage to hold above the key support 25400 and notice its rally towards 27360.
MoreThe EURJPY surrenders to the domination of the bullish bias – Analysis – 20-10-2022
No change to the EURJPY pair’s bullish track that remains stable above the additional support at 145.65, to increase the chances of resuming the bullish attack in the near term and medium term period, also, the major indicators continue to provide the positive momentum to increase the efficiency of the bullish track, to keep waiting to move towards the first additional target at 147.60, while surpassing it will open the way to reach 148.40 and 149.35 levels.
MoreThe GBPJPY awaits the positive momentum – Analysis – 20-10-2022
No news for the GBPJPY pair since yesterday, due to the lack of the positive momentum, repeating its sideways fluctuation near 168.40, while the main stability within the bullish channel and the stability of the additional support near 166.40 allow us to wait to gather the additional positive momentum to ease the mission of resuming the rise and achieve new gains by surpassing 170.00 to reach 170.70 and 172.45.
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