Amgen’s stock price (AMGN) inched higher in the intraday levels, buoyed by positive signals from the RSI, as the stock tries to recoup some recent losses, amid the dominance of the downward short-term trend, with a sharp slope that indicates the strength of the trend, and with ongoing negative pressure due to trading below the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the pivotal support of $260.68, provided the resistance of $297.32 holds on.

Trend forecast for today: Likely Bearish 

Coffee price formed correctional bearish rebound after recording 335.00$ level, to notice testing key support at 288.00$ followed by starting to renew the bullish attempts by settling near 301.00.

Stochastic current fluctuation near 20 level might force the price to provide some sideways trades until gathering the positive momentum again, to manage to form new bullish waves and target 311.60 followed by reaching the recorded high at 335.00$ in order to find a way to resume the rise in the upcoming period.

The expected trading range for today is between 291.50 and 311.60

Trend forecast: Bullish

Read more: Coffee: The Pricey Perk – How Your Morning Brew is Getting Costlier

Natural gas price succeeded to end the correctional decline by settling within the main bullish track that depends on the stability of 2.780$ support line, in addition to 2.930$ level forming additional support as appears on the chart.

Now, stochastic attempt to exit the oversold areas allows us to expect the beginning of gathering the positive momentum to ease the mission of forming bullish waves to target 2.185$ level, while surpassing this barrier might extend trades towards 3.350$.

The expected trading range for today is between 2.980$ and 3.190$

Trend forecast: Bullish

The EURJPY pair formed strong bullish rally yesterday, confirming getting rid of the negative pressures to notice achieving many gains by touching 158.65 level followed by forming intraday rebound in order to reinforce the chances of gathering the positive momentum again.

We will depend on 157.30 level forming additional support, noting that there is a chance to target 158.90 followed by reaching 159.65 resistance line that forms the key to detect the next main trend.

The expected trading range for today is between 157.40 and 158.90

Trend forecast: Bullish