COFFEE traded at $160.23, 0.11% up during the previous close. The Coffee mat trade on higher side after remaining shut on Tuesday amid national holiday in U.S. The steady USD ahead of the Fed Meeting Minutes release & rising U.S-China trade tensions can turn out to be positive for Brazilian Real (BRL) currency & hence, can push up the Coffee prices as Brazilian farmers may fetch more profits while the beans to U.S. Earlier, the change in climatic conditions in Brazil turning favorable for Coffee production & supplies dragged down the prices since Brazil is a top producer of beans. As seen in the chart, the Coffee is trading near the previous lows which acts as major support & the slight buying bias may be established for the day.

COPPER traded at $8295.3, 0.09% down since previous close. The downward momentum can be seen in copper prices after tension between U.S & China escalated as the latter imposes curbs on exports of chipmaking materials to U.S i.e., gallium & germanium; for China is a major consumer of base metals.  Last week, the recovery in Chinese PMI & economic conditions turned bullish for copper prices. Earlier, the prices slid down to $8200 levels against the strong USD as Fed & other Central Bank chiefs hinted for a hawkish stance in future course of time in order to control the inflation rate. As seen in the chart, the Copper reversed down from short-term MA (10) & MA (20) & MA (200) which indicates slight selling bias on the daily basis.