Coffee price attempted to end the negative attack by bouncing above 146.00 support line, to decrease the previous losses by settling near 154.60.
Note that it is important to gather the positive momentum to manage to renew the positive attempts and target 163.40 level initially, while surpassing this obstacle might extend trades towards 174.15 as a next positive target for the bullish attempts.
The expected trading range for today is between 150.00 and 163.40
The expected trend for today: Bullish
Natural gas price took advantage of the frequent negative pressures by forming slow negative crawl to settle below 3.500 level that formed solid obstacle against the recent negative attempts, while stochastic crawl towards the oversold areas will increase the negative pressures, to keep our negative overview by breaking 3.120 level and reach the bearish channels support line at 2.600.
The expected trading range for today is between 3.500 and 2.850
The expected trend for today: Bearish
IBEX index ended the correctional bullish rally by facing the main bearish channel’s resistance at 8985, to force it to form new negative waves and notice its fluctuation near 8780.
Stochastic reach to the overbought areas confirms the beginning of getting rid of the positive pressures, waiting to gather the negative momentum to ease the mission of forming strong bearish waves to target 8550 and 8290 levels.
The expected trading range for today is between 8860 and 8550
The expected trend for today: Bearish
The EURJPY pair failed to confirm breaking 138.20 support line again, to start forming new positive waves and confirm entering instability situation due to the contradiction between the positive rally against the stability within the bearish bias and the negative momentum coming by the major indicators.
We expect to move between the mentioned support and 140.90 resistance, noting that succeeding to achieve the required break will open the way to reach the main negative stations that might start at 137.30 and 136.55 levels.
The expected trading range for today is between 140.50 and 138.75
The expected trend for today: Sideways