Coffee price managed to shake off transient negative pressures and close higher above the initial support at $370.70, as the Stochastic exited oversold levels with the price marking some gains and settling near $390.0.

As the price is continuously exposed to positive pressures, it’ll reinforce the upward trend towards the $406 barrier, with a breach leading the way to $418.00 then $427.50. 

Expected trading range today is between the $375.00 support and the $406.00 resistance.

Today’s price forecast: Bullish

Silver price rose in latest intraday trading, boosted by trading alongside the upward trend line, with ongoing positive pressure due to trading above the 50-candle SMA, coupled with positive signals from the Stochastic.

Ethereum price fell in latest intraday trading, hurt by negative signals from the Stochastic after it reached overbought levels, with ongoing negative pressure due to trading below the 50-candle SMA, while the price moves alongside the main downward trend line in the short term.

Bitcoin price managed to recoup early losses in the intraday levels, but still suffers from negative pressure due to trading below the 50-candle SMA, as a negative divergence forms in the Stochastic with negative signals emerging from it, amid the dominance of the main downward trend in the short term.