COFFEE traded at $153.42, 0.06% up since previous close. The mild recovery can be seen in Coffee prices in the preceding session amid increase in demand against the steady supplies. The mixed USD post U.S NFP data & easing down of monetary rate hikes fear made the commodities to trade sideways; for this may affect the Brazilian Real (BRL) currency vis-à-vis Coffee prices. The change in weather conditions in Brazil affecting the output & supplies level makes the prices more volatile; since Brazil is a major producer of coffee beans. As seen in the chart, the Coffee seems to be sustaining the support of double bottom which forms a make-or-break point. A reversal can be seen if sustained otherwise a breakdown can be recommended if breached.

Natural Gas is trading at $2.573, 0.14% down since previous day close. The downward momentum can be seen in Natural Gas prices since last two sessions amid lower consumption demand from U.S & European regions on account of changing climatic conditions turning normal from colder weather. Last week, the U.S Energy Information Administration (EIA) report showed a rise in Natural Gas inventory level by 32B against the expected build-up of 28B. This showed higher storage & supply levels & hence, weigh down the prices. The focus will remain on upcoming EIA estimates due on Thursday. As seen in the chart, the Natural Gas slid down till MA (100) which acts as a major support level & hence, slight bias may be established for the day.