The coffee price confirmed its move to the bearish track by providing several negative closes below the broken support that is represented by the 300.50 level, forming sideways fluctuated moves currently that caused by the attempt of gathering the required negative momentum to resume the negative attack and reaching the negative stations near 272.00 and 241.50. 

The price rally above 300.50 and providing positive close will force it to delay the negative attack, and recover some losses by its rally towards 310.50 reaching 38.2%Fibonacci correction level at 327.50 

The expected trading range for today is between 272.00 and 300.00

Trend forecast: Bearish

Natural gas price surrendered to the negative pressure, to keep delaying the bullish attempts and forming new correctional trading by reaching $3.325, the stability of the trading below $3.600 will increase the negative pressures on the near period trading, to expect reaching $3.205 and $2.990.

Motivating the bullish attempts requires stepping above $3.450, to increase the chances for attacking the barrier at $3.600, which forms the main gate for detecting the main trend for the upcoming trading.

The expected trading range for today is between $3.000 and $3.450

Trend forecast: Bearish conditioned by the stability of $3.600

The EURJPY pair began today’s trading positively, taking advantage by its repeated stability within the bullish channel’s levels besides forming an extra support at 169.10 level, to form a bullish rally and holding near 170.55.

Stochastic stability within the overbought level will provide a chance for achieving extra gains, reaching 171.05 followed by the next main target at 171.60.

The expected trading range for today is between 169.80 and 171.60

Trend forecast: Bullish

The GBPJPY pair forced to form some bearish correctional rebounds, in order to gather the positive momentum to reinforce the chances for resuming the bullish attack, depending on the repeated stability above the support of the bullish channel at 196.20.

By the above image, we notice the attempt of the price to surpass 61.8%Fibonacci correction level at 197.50, to reinforce the chances for achieving several gains that might extend in the current period to 198.20, then repeat the pressure on the resistance at 198.80, to find an exit for resuming the rise in the upcoming period.

The expected trading range for today is between 196.80 and 198.80

Trend forecast: Bullish