Natural gas price is looking for the momentum– Forecast today – 6-5-2025
Natural gas price is forced to form mixed trading after recording the $3.760 level, to notice its fluctuation near the moving average 55, which attempts to reinforce the extra support at $3.600 level.
The sideways range trading might continue for today, until gathering the positive momentum, which allows it to form new bullish waves to target $3.910 level, then press on the extra barrier near $4.020.
The expected trading range for today is between $3.550 and $3.910
Trend forecast: Bullish
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The EURJPY hits the initial target– Forecast today – 6-5-2025
The EURJPY pair activated with the negative pressures since yesterday, to notice forming several bearish waves, hitting the initial negative target this morning opening at 162.45, to settle above it.
Providing new closes below 163.25 level is required for gathering the required extra negative momentum to resume the decline, to expect reaching 161.90 followed by the moving average 55 near 161.35.
The expected trading range for today is between 161.90 and 163.25
Trend forecast: Bearish
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The GBPJPY is under the negative pressure – Forecast today – 6-5-2025
Despite the stability of the GBPJPY pair above the sideways triangle’s support at 190.85, but the continuation of the main indicators’ negative momentum, as the moving average 55 forms an extra barrier at 191.70, besides stochastic reach to 50 level, these factors support the chances for activating the negative attack, to expect reaching near 189.90, breaking this obstacle will extend the losses directly to 189.20 and 188.60.
While regaining the bullish bias requires forming strong bullish waves, to breach the resistance at 193.35, to confirm its readiness to achieve new gains that might begin at 194.60.
The expected trading range for today is between 189.90 and 191.75
Trend forecast: Bearish
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Platinum price without any news– Forecast today – 6-5-2025
Platinum price remains affected by the contradiction between the main indicators, which forces it to delay the negative attack by its repeated fluctuation above the extra support at $950.00, achieving some gains by reaching $973.00.
Reminding you that the stability of the price below $983.00 level, will increase the chances for renewing the negative trading in the current trading, to keep waiting for attacking the support at $950.00, while surpassing the barrier will cancel the negative suggestion, to open the way towards activating the bullish rally, which might target $1000.00 level initially.
The expected trading range for today is between $950.00 and $983.00
Trend forecast: Fluctuated within the bearish track
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