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No news for natural gas price – Analysis – 8-9-2023
Natural gas price didn’t move, to continue providing sideways trades and settling near 2.600 level, while the chances of activating the previously suggested bullish track still valid as long as 2.450 support line remains intact, waiting to gather the positive momentum to ease the mission of achieving some gains by moving towards 2.900 and 3.100.
The expected trading range for today is between 2.500 and 2.900
The expected trend for today: Bullish
The EURJPY repeats testing the initial support – Analysis – 8-9-2023
The EURJPY pair ended the temporary negative fluctuation by testing the initial support 157.00, followed by renewing the positive action by rallying towards 157.90, while the frequent stability within the bullish channel and stochastic attempt to provide the positive momentum assist to activate the previously suggested bullish attack, to keep waiting to reach the positive stations represented by 159.20 and 159.80 levels.
MoreThe GBPJPY resist stochastic negativity – Analysis – 8-9-2023
The GBPJPY pair faced new negative pressures yesterday due to stochastic crawl below 50 level, which pushed the price to form temporary crawl below 183.50 level followed by bouncing quickly towards 184.20.
MorePlatinum price repeats the negative closings – Analysis – 8-9-2023
No change to platinum price bearish track due to moving away from the major resistance at 987.00, in addition to the negative consolidation below 50% Fibonacci correction level at 950.00.
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