COFFEE traded at $152.62, 0.18% up since previous close. The Coffee prices moved up in the previous session against the steady USD ahead of the release of U.S inflation data due in this week. Also, an uncertain Fed monetary outlook & rising U.S-China trade woes affects the Brazilian Real (BRL) currency vis-à-vis Coffee prices; for the Brazilian farmers may fetch lesser profits while exporting the beans to U.S. Besides this, 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 major support level of multiple lows & hence, buying pressure may be established if it successfully reverses up.

Natural Gas is trading at $2.619, 0.12% up since previous day close. An upward momentum resumed in Natural Gas prices amid rise in consumption demand of heating fuels from U.S & European regions on account of change in weather conditions. Last week, the U.S Energy Information Administration (EIA) report showed a build-up in Natural Gas inventory level by 33B lower than expected build-up of 38B. This signaled for lesser storage & supply levels & hence, pushed up the prices. Uncertain FOMC monetary outlook will remain vital for USD & energy commodities. As seen in the chart, the Natural Gas slid down till MA (200) which acted as a major support level & a reversal momentum may be noticed in the commodity on an intraday basis. Buying bias may be initiated for the day.