EURUSD price settled lower in its last intraday trading, affected by the continuous negative pressure due to its trading below the EMA50, and it remains below the key resistance at 1.1420, which limits its sideways trading on the short-term basis, on the other hand, we notice the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, which might push to a potential bullish rebound to the mentioned resistance.

Coffee price provided several bullish trading, taking advantage of surpassing 23.6%Fibonacci correction level at 370.60, to enter the bullish channel’s levels and recording gains by hitting 418.35 level.

Depending on forming a main support base at 393.00 level, increasing the chances for renewing the bullish attempts, which might target 424.00 level reaching the historical top at 440.45.

The expected trading range for today is between 395.00 and 424.00

Trend forecast: Bullish

Natural gas price formed a new bullish rally yesterday, recording the previously waited target at $3.472 level, then form a temporary correctional rebound to settle near $3.385.

By the above image, we notice stochastic attempt to reach the overbought level, to confirm the price surrender to the bullish scenario domination, to keep our bullish expectation until recording extra gains that might extend towards $3.540 and $3.610, note that holding above the extra support at $3.180 is important.

The expected trading range for today is between $3.280 and $3.540

Trend forecast: Bullish

The EURJPY pair neediness to the continuous positive momentum led to provide new mixed trading, to settle near 162.00 level, waiting for a new signal for confirming the expect trend for the upcoming trading, the continuation of forming extra support for the moving average 55 at 161.40, while 163.25 level remains forming a strong obstacle against the attempts of regaining the bullish bias, we expect resuming forming sideways trading between the current main levels.

Note that the chances for activating the negative scenario increase gradually now, due to stochastic decline below 50 level and providing negative momentum, to expect breaking the extra support and suffering several losses by reaching 160.65 and 159.80.

The expected trading range for today is between 160.65 and 162.50

Trend forecast: Bearish