COFFEE traded at $155.02, 0.37% down since previous close. The selling pressure built-up in Coffee prices amid rise in supplies from Brazil on an account of favourable climatic conditions; for Brazil is a major producer of beans. However, the commodity may open steady on Tuesday against the mixed USD & chances of stimulus package offering by Chinese government. Last week, the U.S CPI rose by just by 0.2% lower than 0.3% as expected; for Brazilian farmers may fetch higher profits while exporting beans to U.S which pushed up the Brazilian Real (BRL) currency & Coffee prices as well. As seen in the daily chart, the commodity seems to be crossing down the previous lows & hence, slight selling bias may be suggested for the day.

COPPER traded at $8452.3, 0.18% down since previous close. The downside can be seen in copper prices as USD shows a mixed trading on account of uncertain FOMC future monetary stance with respect to CPI rate & employment figures. On Monday, the China posted weaker GDP figure which indicates slower economic progress & may hamper the consumption demand of industrial metal like copper, for China is a major consumer of base metals. Last week, the Copper rallied above $8600 levels against the weaker USD amid softer inflation rate with a rise of 0.2% lower than expectation 0.3%. As seen in the chart, the Copper reversed down for MA (100) & is now trading at MA (10) & MA (20). Slight selling bias may be recommended for the day.