Coffee price lost positive momentum in the last trading, which forces it to form new bearish waves, to retest 276.00 support to settle above it, note that the stability above the current support might help it to motivate the bullish corrective attempts, to expect the price rally to 297.00, to extend the trading towards the next obstacle near 312.00.

While facing new bearish pressure and reaching the current support will force it to suffer extra losses by targeting 266.10 and 257.00 level.

The expected trading range for today is between 280.00 and 297.00

Trend forecast: Bullish

Natural gas price kept forming weak sideways trading, holding above $2.620 support, but the main indicators contradiction and the continuation of forming an initial resistance at $3.160 obstructs the chances of forming new bullish waves by its fluctuations near $2.720 level.

The continuation of forming sideways trading in the current period, reaching below the current support will confirm its readiness to form new bearish waves, to expect targeting $2.390 and $2.250 level.

The expected trading range for today is between $5.250 and $2.820

Trend forecast: Fluctuated within the bearish trend

The EURJPY pair remains affected by the contradiction between the main indicators besides the stability of 187.50 barrier, forming temporary corrective waves and targeting 186.50 level, the price might be forced to keep forming corrective trading in the current period, to target 186.10 reaching 185.65.

Activating the bullish trend requires breaching 187.50 level and holding above it, reinforcing the chances of recording extra gains that might begin at 188.35 and 188.80.

The expected trading range for today is between 185.65 and 187.10

Trend forecast: Bearish

The GBPJPY pair began receiving positive momentum due to stochastic rally above 50 level, to notice forming some bullish waves and recording 215.70 level.

Holding the minor bullish channel’s support at 214.55 level will help it to renew the bullish attempts, to ease the mission of surpassing the barrier at 215.80, to target new positive stations that begin at 216.40 reaching 217.60.

The expected trading range for today is between 214.60 and 216.40

Trend forecast: Bullish