There is no change in natural gas price trading, trading in sideways range while remaining near the $3.200 level. This behavior is influenced by the ongoing conflict among the main technical indicators during the recent period.
Noting that Stochastic attempt to exit the overbought zone could increase negative pressure on current trading, making it easier for the price to target negative levels at $2.950 and $2.800.
The price’s move to bullish trend requires a strong bullish rally to settle above $3.520 level, which allows it to record several gains by its gradual rally towards $3.710 and $3.950.
Expected trading range for today: Between $2.950 and $3.300
Today's price outlook: Bearish
The pair confirmed its commitment to the upward trend by posting repeated positive closes above the key support level at 184.25. Positive signals from the major indicators have also begun to influence price action, allowing the pair to stabilize around 185.50.
The price is expected to continue its bullish movement and attempt to test the resistance level at 186.00. If a breakout above this resistance is achieved, the pair could record further gains, advancing toward 186.65 and potentially reaching 187.35.
The expected trading range for today is between 184.70 and 186.00
Trend forecast: Bullish
Despite the weakness in the pair's trading, its repeated stability above the additional support level at 213.50, combined with the Stochastics’ attempt to provide positive momentum, has led to the formation of some bullish waves, helping the pair maintain its position around 214.80.
We reiterate the importance of a breakout above the resistance level at 215.50, as this would allow the pair to form strong upward waves. In that case, the price is expected to be attracted initially toward 216.10 and then 216.65.
The expected trading range for today is between 214 and 216
Trend forecast: Bullish
Platinum continued to form negative trading behavior, affected by its repeated positioning below the resistance level around $1865.00, surrendering to the negative pressure of the main indicators to reach the first additional target at $1637.00.
The $1770.00 level attempts to form an extra barrier, besides stochastic stability with the oversold levels might increase the efficiency of the negative trend in the near trading, to expect targeting $1605.00 level, and surpassing it will make the next main target at $1550.00 level.
The expected trading range for today is between 1605.00 and 1700.00
Trend forecast: Bearish