Coffee price activated the previously suggested bearish trend by providing new negative closes below the broken support at 276.00, to form a strong barrier and form some bearish waves, approaching the initial target at 259.60.
Note that stochastic stability within the oversold level will increase the chances of gaining extra negative momentum, to resume the bearish attempts that might target 243.40 and 233.70 level.
The expected trading range for today is between 243.40 and 270.00
Trend forecast: Bearish
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Natural gas price failed to resume the bullish trend by facing the moving average 55 near $3.360, to form some corrective waves by approaching the initial support at $3.150 level.
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MoreThe GBPJPY pair ended yesterday’s trading by providing positive close above 214.50 barrier, announcing its readiness to readiness to renew the bullish attempts by reaching 215.00 level, providing positive momentum by stochastic will keep our bullish scenario, which might target 215.30 level, surpassing it will make the next target at 215.75 in he current trading.
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