Coffee price took advantage of the support level stability at 371.00, to begin activating with the main indicators, forming strong bullish rally to surpass the initial resistance at 390.25, achieving new gains by its stability near 400.00.

The continuation of the positive pressure makes us prefer more of the bullish attempts, to wait for reaching 414.25 level, then attempts to press on the recently achieved top at 424.00.

The expected trading range for today is between 382.00 and 414.25

Trend forecast: Bullish

Natural gas price formed more negative trading, fluctuating below the extra support at $3.050 level, confirming its surrender to the suggested negative scenario.

Note that forming extra barrier by the moving average 55 by its stability near$3.210 and stochastic reach the oversold level, these factors confirm facing strong bearish pressure, to keep waiting for reaching $2.940 level followed by $2.820.

The expected trading range for today is between $2.820 and $3.090

Trend forecast: Bearish

The EURJPY pair kept its stability above the extra support at 175.20, attempting to face stochastic negativity until gathering the required positive momentum to begin bullish attack, to target 176.45 level then repeat the pressure on the initial obstacle near 177.05.

While facing extra negative pressure and reaching below the current support will force it to delay the bullish attempts by forming more bearish corrective waves, reaching 174.40 and 174.00.

The expected trading range for today is between 175.20 and 176.50

Trend forecast: Bullish

The GBPJPY pair remains affected by stochastic negativity, decelerating the chances of activating the bullish attack by reaching the support at 201.70 level.

Today’s scenario depends on the strength of the current support, to expect forming bullish waves to target 202.70 level and 203.40 initially, while breaking the current support and holding below it will force the price to provide new corrective trading, waiting for targeting 201.00 level reaching the next support near 200.45.

The expected trading range for today is between 201.50 and 202.70

Trend forecast: Bullish