/NG snaps right back below the 2.697 resistance/target with UGAZ also snapping back down below the comparable 14.92 target following the brief momo-fueled overshoot but the charts still look constructive for now, despite any relatively minor pullbacks.

Soybeans & coffee can move together at times and all commodities, including the agricultural commodities, have been in primary bear markets for years so from a macro-perspective, yes, they tend to be correlated. However, not so much with the short & intermediate-term trends as coffee & soybeans have very little to do with each other & are generally grown in different climates and they have different, uncorrelated supply/demand factors such as wheat & corn, which are highly correlated as alternately feeds for livestock as well as generally being grown in the same climates & as such, the crops can be impacted by some of the same extreme weather conditions (e.g.-a drought in the mid-west)