Natural gas price attempts to keep the positivity– Forecast today – 7-5-2025
Natural gas prices still need positive momentum until this moment, forming mixed waves yesterday by suffering temporary losses by hitting the $3.440 level, then bouncing directly to settle near the moving average 55 at $3.600.
Notet that the continuation of forming extra support at $3.280 level will reinforce the chances for activating the bullish attack, to keep waiting for targeting $3.780 level, and surpassing this barrier might extend the trading towards the next target at $3.910 level.
The expected trading range for today is between $3.550 and $3.910
Trend forecast: Bullish
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The EURJPY keeps the negative stability– Forecast today – 7-5-2025
The EURJPY pair approached from the moving average 55 as we expected, hitting 161.58 level, which forces it to form an intraday rebound to gain more of the negative momentum, to confirm the continuation of the suggested negativity.
The stability of the barrier at 163.25 forms a main factor for motivating the chances for resuming the negative attack, to keep waiting for reaching below the moving average 55, opening the way towards targeting extra stations that might begin at 160.85 and 160.20.
The expected trading range for today is between 161.00 and 162.85.
Trend forecast: Bearish
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The GBPJPY needs to confirm the break– Forecast today – 7-5-2025
The GBPJPY pair provided new negative trading, attempting to break the support of the sideways triangle at 190.85 level, but it bounced again towards 191.10, keeping its stability below the moving average 55.
While providing negative momentum by stochastic approach from 20 level makes us wait for confirming breaking the current support, which allows it to activate the negative attack, which might target 189.90 level reaching the next target at 189.20.
The expected trading range for today is between 189.90 and 191.50
Trend forecast: Bearish
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Platinum price attacks the barrier– Forecast today – 7-5-2025
Platinum price faced strong positive pressures, forming some of the bullish waves, to notice attacking the barrier at $983.00, attempting to regain the bullish bias.
Despite the positive momentum that comes from the main indicators, we confirm that providing a new close above the current barrier is important to confirm its readiness to record several gains by its rally to $1000.00, pressing on 61.8%Fibonacci correction level at $1017.00.
The expected trading range for today is between $974.00 and $1000.00
Trend forecast: Bullish
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