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Coffee price begins to decline – Analysis – 2-8-2022
Coffee price repeated the negative closings below the moving average 55 at 221.00, to keep the stability below the bearish channel and achieve the first target at 212.00.
Also, stochastic exit from the overbought areas will assist to provide the additional negative momentum to increase the efficiency of the bearish track to expect reaching 203.50 level soon, while surpassing this obstacle will extend trades towards 190.00.
The expected trading range for today is between 216.00 and 203.50
The expected trend for today: Bearish
Natural gas price fluctuates below the resistance – Analysis – 2-8-2022
Natural gas price approached the first negative target at 7.610, to rebound towards 8.210 in order to gather the required additional negative momentum to resume the previously suggested correctional bearish attack.
MoreHang Seng index resumes the decline – Analysis – 2-8-2022
Hang Seng index succeeded to take advantage of the negative pressures to resume the negative attack and approach the first main target at 19345, reminding you that the main stability within the bearish channel and stochastic attempt to provide the negative momentum support the continuation of the negativity, to keep waiting to record new negative targets that might start at 18935 and 18320.
MoreThe EURJPY colored by red – Analysis – 2-8-2022
The EURJPY pair continued to form strong negative trades affected by stochastic negativity, noticing that it moves towards 134.00 to achieve the targets mentioned in our last report.
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