Coffee price began gathering its gains by activating the bearish correctional track after breaking 370.65, to notice its decline towards 338.20, to settle below the moving average 55.

Stochastic reach to the oversold level will increase the negative pressures, which makes us prefer targeting extra negative stations that might begin at 332.00 and 326.30 before any attempt to regain the bullish track.

The expected trading range for today is between 332.00 and 355.10

Trend forecast: Bearish

Natural gas price suffered new negative pressures by stochastic approach from 20 level, which forces it to reach below the extra support at $3.610, forming new bearish wave to settle near $3.500 as appears in the above image.

In spite of the main stability within the bullish channel’s levels, but the continuation of the negative pressures and forming extra barrier at $3.770, so these factors supports the bearish bias dominance in the current period, to expect suffering new losses by reaching $3.380 reaching the moving average 55 near $3.230.

The expected trading range for today is between $3.380 and $3.700

Trend forecast: Bearish

The EURJPY pair provided new negative closes below the moving average 55 at 161.20 level, which forces it to return to settle within the bearish channel’s levels, to begin targeting some of the negative stations by reaching 159.60.

The contradiction between the main indicators might force the price to form mixed waves, but the chances of activating the bearish track will remain valid, if the trading settled below the bearish channel’s resistance at 160.75, to expect forming an initial negative target at 158.90 level, reaching 157.40 in the near period trading.

The expected trading range for today is between 158.90 and 161.00

Trend forecast: Bearish

The GBPJPY pair returned to activate with the negativity of the main indicators, forming a sharp negative attack yesterday, breaking the support of the main bullish channel at 187.50 level, and forming several bearish waves to settle near 186.00.

Providing new negative closes below the broken support will increase the efficiency of the bearish track, to begin preferring targeting new negative stations by reaching 185.20 followed by 184.50.

The expected trading range for today is between 185.20 and 187.00

Trend forecast: Bearish