Platinum price continued to form correctional bearish trades to crawl below the MA55 and settle near 915.00, while the frequent stability below 950.00 barrier in addition to the negative momentum coming by stochastic confirm postponing the bullish rally, to expect attacking 900.00 support line soon, which forms key barrier to detect the next main trend.

Any attempt to provide negative close below the mentioned support will cancel the bullish overview due to the price lean within the bearish channel again, to increase the efficiency of the bearish track that might target negative stations that might start at 882.00 and 865.00.

The expected trading range for today is between 935.00 and 900.00

The expected trend for today: Bearish

Natural gas price surrendered to the domination of the bearish bias by providing frequent closings below the broken support at 2.850, to notice forming new negative crawl and record the first target by reaching 2.660.

We notice stochastic consolidation within the oversold areas, to increase the negative pressures and agree our bearish overview, to keep waiting to attack the historical support at 2.550, which forms the key to detect the next main trend.

The expected trading range for today is between 2.800 and 2.550

The expected trend for today: Bearish

The EURJPY pair formed correctional bullish rebound after touching 158.70 level, taking advantage of stochastic positive momentum to settle near 159.50 level now, noting that this rebound won’t affect the bearish track due to the frequent stability below 160.20 barrier, allowing us to suggest the negative attack for now to target 158.45 followed by 157.70 levels.

On the other hand, rallying above the barrier and closing positively above it will reinforce the correctional bullish attempts that might target 160.95 before recording any new negative target.

The expected trading range for today is between 159.90 and 158.75

The expected trend for today: Bearish

The GBPJPY pair attempted to cover some losses by rallying towards 186.20 level, to face the MA50 that reinforces the stability of the additional barrier 186.35, to notice crawling negatively towards 185.85 again.

We remind you that the continuous closings below the mentioned barrier will increase the chances of renewing the correctional bearish attempts, to expect moving towards 185.35 level soon, followed by reaching the bullish channel’s support line at 184.55.

The expected trading range for today is between 186.10 and 185.35

The expected trend for today: Bearish