Coffee price surrendered to the negative pressures, forcing it to suffer several losses towards 339.20, facing a strong support base as appears in the above image.
The price stability above this support and stochastic attempt to exit the oversold level might provide a chance to recover several losses by its rally towards 359.80, then wait for facing the moving average 55 near 368.50.
The expected trading range for today is between 338.00 and 359.80
Trend forecast: Bullish
Natural gas price formed some bullish waves, to end providing a new bearish closing below $4.200 barrier, attacking the support level near $3.900.
MoreThe EURJPY pair approached the initial corrective target in yesterday's trading at 183.30 level, repeating the fluctuation near it, to confirm its surrender to the bearish corrective bias by its stability below 184.40 barrier.
MoreThe GBPJPY pair provided a new bearish close below 211.30 level, to confirm its surrender to the bearish corrective bias to target 210.30 level to settle near it.
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