No news for natural gas prices by forming weak sideways trading, to keep its stability near the moving average 55 at $3.350, attempting to gather the required negative momentum to motivate the bearish scenario.

Note that the stability below the key resistance level at $3.520 forms a main factor to confirm the bearish scenario, to expect reaching $3.050, to attempt to press on the extra support at $2.920 level.

The expected trading range for today is between $3.050 and $3.350.

Trend forecast: Bearish

The pair formed a new bearish wave during yesterday’s trading, approaching the negative target at 182.85, which forced it to form a positive rebound as Stochastic exited oversold levels, pushing the price to stabilize near 183.85.

Note the continuation of the 184.85 level as an additional resistance barrier, with the stability of the moving average 55 above the current levels, supports the possibility of renewed bearish attempts. The pair may retest the extended support level at 182.80, and a break below this level would confirm a move into a new negative phase, to expect extra losses toward 182.20 reaching 180.80.

The expected trading range for today is between 182.85 and 184.20.

Trend forecast: Bearish

The pair failed to resume its bearish attempts due to contradiction of the main indicators, particularly with the 55-period Moving Average forming additional support near 212.30. This forced the price to show weak mixed movements, fluctuating around the 213.20 level.

We emphasize the importance of keeping current trading below 213.50, as this would increase the chances of gathering the required negative momentum to attack the 55-period Moving Average and potentially target further downside levels at 211.80 and 211.30 respectively.

However, a breakout above 213.50 and holding above it would delay the bearish scenario, opening the way for some gains toward 214.10, followed by the key resistance level at 214.50.

The expected trading range for today is between 211.80 and 213.70.

Trend forecast: Bearish

Platinum price has maintained its bearish path after breaking below the support level at $1,605.00, currently fluctuating near the first additional target at $1,565.00.

With continued negative momentum and the formation of the $1,660.00 level as an additional resistance barrier, the price is expected to form new bearish waves, targeting $1,490.00, followed by the next support level at $1,440.00.

The expected trading range for today is between $1,490.00 and $1,630.00.

Trend forecast: Bearish