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Platinum continues to crawl negatively – Analysis – 18-7-2018
Platinum price continued to provide negative crawling, affected by the stability of 870.00 resistance, confirming the surrender to the bearish bias domination, while we expect to face 790.00 barrier first, waiting to break this level to confirm the preparation to achieve new negative targets in the near term and medium term period by reaching 748.00 followed by 675.00.
Stochastic begins to form new negative fluctuation and consolidates below 50 level to reinforce the bearish overview by attempting to provide additional negative momentum that increases the chances of achieving the waited break.
Expected trading range for today is between 855.00 and 750.00
Expected trend for today: Bearish
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GBPJPY touches the moving average – Analysis – 18-7-2018
The GBPJPY pair ended its intraday rebound yesterday by facing the moving average 55 at 148.00, to form the initial support against the bullish attempts, assuring the importance of this support line stability to increase the chances of resuming the bullish attack that will target 149.40 level followed by reaching the first main target at 150.80.
MoreNo change to the EURJPY – Analysis – 18-7-2018
The EURJPY pair was forced to show some intraday rebound by moving towards 131.50 level, affected by stochastic attempt to exit the overbought areas, assuring the importance of the stability of 131.00 support line today to confirm the continuation of the positivity, to increase the chances of rallying towards 132.20 that represents the first main target.
MoreNatural gas faces strong negative pressures – Analysis – 18-7-2018
Natural gas price touched 2.750 level recently, which forms 50% Fibonacci correction level, while the continuous negative pressures that comes by the stability of the moving average 55 above the current price besides stochastic attempt to crawl towards the oversold areas confirms the preparation to resume the bearish attack, to expect moving towards 2.660 followed by extend trading towards the key support at 2.550.
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