Natural gas price loses the positive momentum– Forecast today – 1-5-2025
Natural gas price failed to resume the bullish attack, affected by a stochastic attempt to exit the overbought level, which forces it to provide sideways trading by its stability near $3.400, note that the price might form a temporary negative rebound, to target $2.280 level before any attempt to renew the bullish attempts in the current period.
While its rally above the $3.480 level and providing a positive close will reinforce the chances for resuming the bullish attack, to keep waiting for recording the main targets near $3.540 and $3.610.
The expected trading range for today is between $3.280 and $3.450
Trend forecast: Fluctuated
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The EURJPY resists the negative pressures– Forecast today – 1-5-2025
The EURJPY pair succeeded in resisting the negative pressures by its repeated stability above the moving average 55 at 161.40, forming an extra support to notice its rally towards the main barrier at 163.25.
Noting that waiting to breach the current barrier and providing a close above it is important to confirm regaining the bullish scenario, to increase the chances for recording several gains that might begin at 164.10 and 164.80.
The expected trading range for today is between 162.00 and 164.10
Trend forecast: Bullish
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The GBPJPY take advantage of the support’s stability– Forecast today – 1-5-2025
The GBPJPY pair took advantage of the support stability at 190.50, to begin today’s trading with a strong positivity, to surpass the extra barrier at 191.55 and settle above the moving average 55, to increase the chances for renewing the bullish attempts.
Stochastic attempt to provide extra positive momentum makes us prefer targeting 192.55 level, and surpassing it might extend the gains in the current period to 193.15 and 193.90.
The expected trading range for today is between 191.55 and 193.15
Trend forecast: Bullish
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Platinum price activates the negative scenario– Forecast today – 1-5-2025
Platinum price provided a new negative close below the barrier at $983.00 level, announcing its surrender to the suggested bearish scenario, by reaching below the moving average 55 and its stability near $956.00, recording the initial suggested negative targets.
Providing negative momentum by stochastic will increase the chances for attacking obstacle at $950.00, and breaking it is important for opening the way towards the extra stations that might begin at $938.00 and $929.00.
The expected trading range for today is between $938.00 and $975.00
Trend forecast: Bearish
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