COFFEE is trading at $179.75, 0.08% up since previous close. The Coffee prices resumed its upside; trading sideways & range bound throughout the week amid mild changes in demand & supply ratio. The mixed USD on an account of U.S Treasury Secretary Janet Yellen over measures for deposits in SVB & Signature banks led steady trading in commodities. Besides this, the FOMC’s less hawkish stance as expected & hinting for more gradual rate hikes in future in order to tame down inflation rate may turn out to be supportive for Coffee later on. The changing weather conditions in Brazil will remain vital for prices. Slight buying pressure may be noticed in Coffee on an intraday basis since the commodity consistently takes the support of Fibo level 38.2
Read More… Read LessIntra Day | ![]() |
Near Day | ![]() |
R3 | 191.516 |
R2 | 184.35 |
R1 | 181.82 |
Turnaround | 177.18 |
S1 | 174.65 |
S2 | 170.01 |
S3 | 162.83 |
COPPER is trading at $8928.3, 0.02% down since previous close. The Copper turned out to be range bound since last session as traders & investors remained worried about ongoing ruction in U.S & European banking sector; which can affect the demand of metals. Last week, the steady USD as U.S Treasury Secretary Janet Yellen stated mixed comments over deposits with banks & Fed’s less hawkish stance of raising an interest rate by 25bps leading to 5.00% to 4.75% range as expected led the buying pressure in base metals since both of them are inversely correlated. As seen in the chart, the Copper reversed up from MA (100) which shows the chances of strong upside if momentum prevails further. Buying on dips may be suggested for the day in Copper.
Read More… Read LessIntra Day | ![]() |
Near Day | ![]() |
R3 | 9365 |
R2 | 9165 |
R1 | 9046 |
Turnaround | 8965 |
S1 | 8846 |
S2 | 8765 |
S3 | 8565 |
XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms with excellent execution speed, a 24/5 client support system with no dealing desk involvement.
© 2024 XFlow Markets, All rights reserved.
Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.
You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.
XFlow Markets INC is incorporated in Saint Lucia with registration no. 2023/C088 governed by the Companies Act, Cap 13.01 of the revised laws of Saint Lucia.
XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.
Telephone number: UAE: +971 43304431 Working hours: 7:00 AM - 5:00 PM (GMT+0)
XFlow Markets does not offer any fixed returns & guaranteed profits. Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk. Please consider our Risk Disclosure.
XFlow Markets does not guarantee any returns or profits. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.