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Coffee price consolidates within the bullish track – Analysis – 6-2-2023

Economies.com
2023-02-06 05:25AM UTC

Coffee price confirmed its surrender to the domination of the bullish bias to keep its stability within the bullish channel, forming many bullish waves by touching the moving average 55 at 183.65.

 

Now, 163.40 forms additional support line, and stochastic attempts to provide the positive momentum, which support the bullish overview, waiting to surpass the moving average 55 to succeed achieving additional gains that might start at 194.40 and 204.10.

 

The expected trading range for today is between 166.70 and 188.45

 

The expected trend for today: Bullish

Natural gas price awaits the additional momentum – Analysis – 6-2-2023

Economies.com
2023-02-06 05:24AM UTC

Natural gas price started to form some sideways trades due to stochastic exit from the oversold areas, to fluctuate near 2.470 without recording any new negative target.

 

On the other hand, the main stability within the bearish channel and forming additional barrier at 3.500 allow us to wait to gather the additional negative momentum, to manage to continue the negative attack and press on the bearish channel’s support line near 2.100, while breaking it might extend losses towards 1.550 direct, which forms the extension of strong historical support.

 

The expected trading range for today is between 2.900 and 2.200

 

The expected trend for today: Bearish

Hang Seng index hits the moving average – Analysis – 6-2-2023

Economies.com
2023-02-06 05:24AM UTC

Hang Seng index ended the bullish attack after facing the moving average 55 at 22340, to form correctional negative trades and suffer clear losses by crawling towards 21130.

 

Stochastic exit from the overbought areas will increase the chances of gathering the additional negative momentum, to assist to confirm the bearish scenario and target 20680 level soon, followed by reaching the additional support 20180.

 

The expected trading range for today is between 21660 and 20680

 

The expected trend for today: Bearish

The EURJPY surpasses the additional barrier – Analysis – 6-2-2023

Economies.com
2023-02-06 05:23AM UTC

The EURJPY pair started to form new correctional bullish wave to surpass the additional barrier 141.75 and notice recording some gains by touching 142.85 level.

 

Continuing to consolidate above the breached barrier reinforces the chances of renewing the correctional attempts for now, to expect targeting 143.60 and 144.00 levels, while gathering the additional negative momentum and crawling below 141.75 will activate the bearish track again, to increase the chances of crawling towards 141.10 followed by repeating the pressure on 140.25 obstacle.

 

The expected trading range for today is between 141.75 and 143.60

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Coffee today?

The price of Coffee is $289.60 (2025-07-04 02:14AM UTC)