Texas Instruments’ stock price (TXN) fell in the intraday levels, while preparing to pierce the pivotal support of $180.00, amid the dominance of the downward correctional trend in the short term, coupled with negative pressure due to trading below the 50-day SMA, and countered with positive signals from the RSI after reaching oversold levels, curbing upcoming losses. 

Therefore we expect more losses for the price, provided the aforementioned support of $180.00 was breached, thus targeting the next one at $166.90.

Trend forecast for today: Bearish 

Coffee price resumed its bullish rally after surpassing the minor bullish channel’s resistance line at 391.00 recently, to notice achieving big historical gains by reaching 431.40$.

Note that stochastic crawl towards the overbought areas and 411.00 level attempt to form the additional support line support the continuation of the positivity, to keep our bullish overview to target 438.00$ level soon, while surpassing it might extend trades towards 454.30 on the medium term basis.

The expected trading range for today is between 427.00 and 438.00

Trend forecast: Bullish

Natural gas price continued to form bullish trades by settling above the MA55 that forms additional support at 3.270$, to notice achieving new gains by approaching the target at 3.530$.

Now, stochastic crawl towards the overbought areas will increase the chances of gaining the additional positive momentum to reinforce the chances of surpassing 3.530$ level and start targeting new positive stations that might extend towards 3.620$ followed by reaching 3.750$ resistance line.

The expected trading range for today is between 3.400$ and 3.620$

Trend forecast: Bullish

The EURJPY pair ended the recent negative attack by holding above the major support at 155.30, to notice reacting to stochastic attempt to exit the oversold areas by forming bullish wave and settle near 156.60.

The frequent stability above the mentioned support allows us to suggest the correctional bullish track to attempt to provide strong pressures on 157.25 barrier, while surpassing it will push the price to decrease its losses by rallying towards 158.50, while facing new negative pressures and crawling below 155.30 will confirm its preparation to resume the negative attack, to expect targeting the historical support at 154.40.

The expected trading range for today is between 155.80 and 157.25

Trend forecast: Bullish