COFFEE traded at $159.72, 0.12% down since previous close. The downward momentum continued to be seen in Coffee prices amid stronger USD as U.S showed mild progress in controlling the inflationary pressure This weakens the Brazilian Real (BRL) currency since this may affect the profit fetched by Brazilian farmers while exporting the beans to U.S. The change in climatic conditions in Brazil affecting the Coffee production & supply levels made the commodity expensive. Last week, the commodity tested one-month highs of $168 levels on an account of rise in demand against the supplies from major parts of the world. As seen in the chart, the Coffee is trading below the short-term MA (10) & MA (20) & hence, slight selling bias may be recommended for the day.

Natural Gas is trading at $2.782, 0.09% down since previous day close. The recent U.S Energy Information Administration (EIA) report showed a built-up in Natural gas inventory level by 29B higher than previous figure of 14B which indicates a rise in supplies & storage & hence, dragged down the prices. Besides this, the strong rise in demand against the supplies on account of frequent change in weather conditions in U.S & European regions; which increases the consumption demand of heating fuels like Natural gas. The strong USD amid global cues led a selling pressure in energy commodities. As seen in the chart, the profit-booking can be seen in Natural Gas after crossing over long-term MA (200) & hence, buying on correction may be suggested further.