Coffee contracts’ price presses on the moving average – Analysis – 13-11-2020
Economies.com
2020-11-13 09:55AM UTC
Coffee price ended its positive rally by facing the moving average 55, to form solid obstacle at 110.00, forcing it to form sideways fluctuation until gathering the additional positive momentum, while we will depend on 106.85 level forming additional support to expect gathering the additional momentum and breach the current barrier to reach new positive stations that might extend towards 112.80 and 116.30 levels.
The expected trading range for today is between 108.00 and 112.80
The expected trend for today: Bullish
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