Coffee traded at $176.20, 0.02% up since previous day close. The strong trading range can be seen in Coffee since last few sessions amid mixed USD & non-decisive trend in Brazilian Real (BRL) currency. Globally, the suspicious view over interest rate hike in the next FOMC meeting on account of strong U.S employment figures on contrary to emergence of deflationary scenario in the country as well; resulted into mixed trading in global commodities. However, the bullish trend may remain intact in Coffee prices amid better Chinese economic growth & decline in beans output in Brazil amid unfavorable climates. As seen in the chart, the Coffee has entered bullish zone & in a new territory price range which shows the buying bias on corrective dips may be followed on an intraday basis.

Natural Gas is trading at $2.376, 0.06% down since previous day close. The flat to lower side trading can be seen in Nat Gas ahead of the result of U.S Energy Information Administration (EIA) report which is due today. The Natural Gas storage is expected to fall by 200B against the previous week’s reading of -151B. The prices may gear up if storage continued to decline otherwise a downside may prevail further if storage builds-up. Globally, the steady USD amid mixed FOMC stance over interest rate hike & slow-down in consumption demand of heating fuels in U.S & European regions further pressurized the prices. Slight selling bias may be recommended for the day in Natural Gas.