The EURJPY pair is forced to provide weak sideways trading, affected by the contradiction between the main indicators, keeping its stability near 180.80, reminding you that the negative stability below 181.75 barrier forms main factors to motivate the dominance of the bearish corrective trend, to expect the attempt of pressing on 179.40 level, where surpassing it will form next main target at 178.60 for the bearish trading.

While breaching the mentioned barrier and holding above it will increase the chances of resuming the main bullish trend, to expect recording extra gains by its rally towards 182.30 and 183.05.

The expected trading range for today is between 179.30 and 181.10

Trend forecast: Bearish

Airbnb (ABNB) saw a slight uptick in its latest intraday trading, even as the stock continues to face negative pressure while trading below its 50-day simple moving average. The medium-term downtrend remains dominant, with the price moving along a descending trendline. These recent gains appear to be an attempt to recover part of its previous losses, while the stock also works on easing its clear oversold conditions on the Relative Strength Indicators, especially as early positive signals begin to appear.

Therefore, we expect the stock to decline in the upcoming sessions, as long as it remains below $117.30, targeting the support level at $105.40.

Today’s price forecast: Bearish

Three-Week Consolidation Near Highs

This is the third consecutive week of consolidation near the recent trend high of $4.68. The prior two weeks closed in the top half of their ranges, indicating buyers have retained underlying control. Resistance continues near the 88.6% Fibonacci retracement at $4.64. A daily close below $4.44 would confirm short-term weakness and a three-day breakdown. Until a decisive breakout above $4.69 occurs, risk of continued consolidation or a deeper bearish correction remains. Below the recent $4.24 swing high lies the June $4.15 swing high, then the 38.2% retracement at $4.00 and 50% level at $3.79.

Overextended Advance

Although buyers have kept a degree of control in recent weeks, the sharp slope of the advance since the October interim swing low—up as much as $1.80 or 62.1% to the recent high—matches the 63.9% gain from the January $2.99 low to the March $4.90 peak, which was followed by a multi-month correction. The RSI has begun retreating from overbought territory, leaving natural gas vulnerable to a corrective pullback.

Outlook

The 20-day average at $4.37 is the critical pivot. Holding above it keeps upside potential alive toward $4.69 and higher; a decisive drop below opens $4.24–$4.15 initially, with deeper support at the measured retracements. Until the $4.69 high is cleared, consolidation or correction risk stays elevated.

For a look at all of today’s economic events, check out our economic calendar.

Copper price began forming bullish waves yesterday, attempting to face the temporary negative pressure to reinforce the dominance of the main bullish scenario, to fluctuate near $5.0500 level now.

We expect to provide mixed trading, noting that the attempt to resume the bullish attack requires breaching the initial barrier near $5.2000, while the stability below it might force it to form corrective wave to reach towards the initial support at $4.7500.

The expected trading range for today is between $4.9500 and $5.2000

Trend forecast: Fluctuated

Airbnb (ABNB) saw a slight uptick in its latest intraday trading, even as the stock continues to face negative pressure while trading below its 50-day simple moving average. The medium-term downtrend remains dominant, with the price moving along a descending trendline. These recent gains appear to be an attempt to recover part of its previous losses, while the stock also works on easing its clear oversold conditions on the Relative Strength Indicators, especially as early positive signals begin to appear.

Therefore, we expect the stock to decline in the upcoming sessions, as long as it remains below $117.30, targeting the support level at $105.40.

Today’s price forecast: Bearish

The international crude benchmark, Brent, could dip to the $30s per barrel handle by 2027 as oversupply could overwhelm the market, according to a JP Morgan forecast posted by users on X.  

Brent Crude prices have dropped by 14% year to date, and traded relatively stable at $62.59 per barrel early on Monday, as the oil market awaits news from the renewed negotiations on peace in Ukraine. 

The U.S. and Ukraine held on Sunday in Geneva what the two sides described as “highly productive” talks and agreed to continue intensive work on a “refined” peace plan, which the U.S. first proposed last week. 

Despite the fears of a glut, analysts and investment banks don’t see oil prices moving down to $40 or below, even as oil is set to decline in the near term with strong supply from OPEC+ and the non-OPEC producers in the Americas.  

Peace in Ukraine could also weigh on energy prices as some sanctions and restrictions on Russia could be eased, analysts say. 

Oil prices are set to further drop into next year from current levels amid a large surplus on the market, with the U.S. benchmark WTI Crude expected to average $53 per barrel in 2026, according to Goldman Sachs.

The investment bank’s call for next year is that oil prices are on track for further declines and investors should short oil right now, Daan Struyven, co-head of global commodities research at Goldman Sachs, told CNBC last week. 

The surplus next year will be 2 million bpd on average, Goldman reckons, but notes that 2026 will be the last year of the current big supply wave hitting the market.

The oil market is set to rebalance in 2027 as 2026 will see “the last big oil supply wave the market has to work through,” Goldman’s Struyven added.   

By Michael Kern for Oilprice.com

More Top Reads From Oilprice.com

Copper price began forming bullish waves yesterday, attempting to face the temporary negative pressure to reinforce the dominance of the main bullish scenario, to fluctuate near $5.0500 level now.

We expect to provide mixed trading, noting that the attempt to resume the bullish attack requires breaching the initial barrier near $5.2000, while the stability below it might force it to form corrective wave to reach towards the initial support at $4.7500.

The expected trading range for today is between $4.9500 and $5.2000

Trend forecast: Fluctuated