Coffee contracts’ price resumes the decline – Analysis – 21-3-2019
Economies.com
2019-03-21 07:47AM UTC
Coffee contracts’ price confirmed its affection by the bearish bias domination due to the frequent negative closings below 102.30 resistance, taking advantage of the negative pressures by recording the first target at 95.30.
The above chart shows forming new negative wave to reinforce the continuation of the negativity, allowing us to wait to record new targets by moving towards 90.90 followed by reaching the main support at 88.10.
The expected trading range for today is between 96.00 and 90.90
The expected trend for today: Bearish
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