COFFEE traded at $160.08, 0.11% up during the previous close. The mild recovery can be seen in Coffee prices on Thursday amid mixed global cues. However, the sentiments remain steady ahead of the U.S Non-farm Payroll data which is to be issued today. Earlier in this week, the strong USD as Fed Meeting Minutes strengthened the chances of interest rate hike in the near future made the Coffee prices weaker; for this weakened the Brazilian Real (BRL) currency. Besides this, the rising U.S-China tensions & the change in climatic conditions in Brazil remains vital for prices since Brazil is a top producer of beans. As seen in the H4 chart, the pullback can be seen in commodity till the Fibo level 23.6 which acts as resistance. Slight buying may be recommended for the day in Coffee.

Natural Gas is trading at $2.628, 0.02% down since previous day close. The Natural gas prices corrected to some extent on Friday as traders waits for the result of U.S Energy Information Administration (EIA) report which will show the changes in Natural gas storage level as compared to last week. Earlier in this week, the commodity tested $2.900 levels amid rise in consumption demand of heating fuels from U.S & European regions on changing weather conditions. Last week, the U.S EIA report showed a rise in Natural Gas storage level by 76B lower than expectation 83B. Buying on corrective dip may be recommended for the day in Natural Gas since the commodity seems to be taking a support of short-term MA (10) & MA (20).