Coffee prices confirmed their surrender to the bearish bias domination yesterday below the extra support at 345.00, forming a sharp decline, and breaking 38.2%Fionacci correction level at 326.60 to settle near 317.00.

Stochastic attempts to reach the oversold levels will increase the chances for gathering the negative momentum, which makes us prefer more of the negative attempts that target 309.60 level, reaching the next support at 293.50.

The expected trading range for today is between 309.60 and 330.00

Trend forecast: Bearish

The price of (ETHUSD) rose in its recent intraday trading, attacking the current resistance level at $2,545, attempting to get rid of the negative pressure of the EMA50, and the last rise came supported by the positive signals emerging on the (RSI), amid the dominance of the sideways bias on the short-term basis, which created confused trading.

The price of (BTCUSD) soars high in its recent intraday trading, approaching our morning target by testing the resistance level of $106,500, supported by the emerging of the positive signals on the (RSI), attempting to surpass the negative pressure of the EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, reinforcing the positive scenario on its futuristic moves.

The price of (Brent) rose in its last intraday trading, due to the stability of the critical support at $74.70, gaining more of the positive momentum with the continuation of the dynamic support that is represented by its trading alongside a minor bullish trend on the short-term basis, reinforcing its move above its EMA50, and the price succeeded in offloading its clear overbought conditions on the (RSI), providing bigger space for achieving more of the gains.