The GBPUSD pair resumes its positive trading to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for today, supported by the EMA50 that carries the price from below, depending on the price stability above 1.3720, reminding you that we need to breach 1.3795 to open the way to head towards 1.3910 as a next main station.
The expected trading range for today is between 1.3700 support and 1.3860 resistance.
The expected trend for today: Bullish
The EURUSD pair settles below 1.1615 level, to keep the negative pressure valid for today, supported by moving below the EMA50, waiting to get negative motive that assist to push the price to head towards our main expected target at 1.1525.
The expected trading range for today is between 1.1525 support and 1.1650 resistance.
The expected trend for today: Bearish
Natural gas price formed strong bullish rally yesterday to surpass 5.720 level and settle within the bullish channel again, to notice achieving big gains by reaching 6.075.
These factors along with stochastic positive momentum signals allow us to expect resuming the bullish attack, to target 6.270 followed by reaching 6.508 levels.
The expected trading range for today is between 5.830 and 6.270
The expected trend for today: Bullish
No change to Coffee contracts’ price that remains stable above the additional support 194.00, to form solid obstacle against the attempt to test the breached bullish channel’s resistance at 183.00.
Also, stochastic continuous fluctuation above 50 level will increase the chances of gathering the positive momentum, to assist to form bullish rally in order to press on 212.30 barrier, which breaching it will open the way to achieve new positive targets that might extend towards 220.00.
The expected trading range for today is between 194.00 and 212.30
The expected trend for today: Bullish