Coffee price begins with new positivity – Analysis – 13-12-2023
Economies.com
2023-12-13 05:13AM UTC
Coffee price provided more positive closings within the bullish channel to notice moving away form the major support 167.50, taking advantage of the MA55 forming additional support at 175.00, achieving some gains by settling near 186.00.
Now, stochastic approach to the overbought areas will increase the chances of gathering the additional positive momentum to ease the mission of resuming the bullish attack, waiting to reach 193.90 level soon, while surpassing it might extend trades towards 202.50 in the medium-term period.
The expected trading range for today is between 179.80 and 193.90
The expected trend for today: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Commodities
Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...
Commodities
Silver price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Silver Trading Report Silver price continues to decline to move below the neckline of the double ...