Coffee traded at 173.80, 0.06% down since previous day close. The Coffee is expected to open on lower side on Monday as USD strengthened post release of U.S NFP data which showed a progress in U.S employment status & may contribute in hawkish rate hike stance in Fed’s next meetings. Last week, the Coffee rallied up to 3-month highs of $180 levels in the amid strong Brazilian Real (BRL) currency since this may fetch higher profit to Brazilian farmers while exporting the beans to U.S An upside can be remain intact in Coffee prices as Chinese Lunar New Year holidays ends, reviving the trading liquidity in major agri-commodities. As seen in the chart, the Coffee has entered into bullish zone & hence, buying on each corrective dip may be recommended on short term basis.

Copper traded at $8917.3, 0.13% down since previous close. The downside persisted in Copper in last session & is expected to open on lower side on Monday as well on account of strong USD. An upbeat U.S NFP data raises the chances of higher rate hikes in next Fed meetings & hence, pressurized the global commodities. Last week, the soft USD after U.S FOMC hiked an interest rate by 25bps as expected on account of controlled inflation rate till now; turned up bullish for base metals. Improving Chinese economic conditions may increase the consumption demand of industrial metals like Copper & Silver; which shoots up the prices also. The cautious trading may be recommended for the day in Copper since the commodity is hovering near support level.