COFFEE traded at $150.72, 0.09% down since previous close. The selling pressure continued to be seen in Coffee prices since last two sessions amid rise in supplies & lesser demand. Globally, the strong USD on account of hawkish FOMC Minutes may turn out to be weaker for Brazilian Real (BRL) currency & hence, weakens the Coffee prices today as well; 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 makes the prices volatile; for Brazil is a major producer of Coffee beans. As seen in the chart, although the Coffee is trading below the major Moving Averages yet it is hovering near previous lows. Slight selling bias may be recommended for the day in Coffee.

COPPER traded at $8203 .3, 0.07% up since previous close. The mild recovery can be seen in copper prices on Thursday after plunging down to lower side in the previous session. The slowdown in Chinese economic conditions & uncertain Fitch credit rating decision over China made the commodity less expensive; for China is a major consumer of base metals. The Fed Minutes hinted more hawkish approach towards future monetary policy which boosted up the USD & dragged down the Copper on Wednesday. Earlier, the U.S banned technology investments in China which escalated the U.S & China trade tension & hence, weakened the prices. The cautious trading may be recommended for the day in copper since the commodity is expected to take a support of previous lows.