Coffee contracts’ price begins to decline – Analysis – 31-7-2019
Economies.com
2019-07-31 07:13AM UTC
Coffee contracts’ price provided new negative close recently below the moving average 55 at 101.00, to keep its consolidation within the bearish channel and increases the chances of recording additional negative targets in the near term and medium term period.
Also, stochastic consolidation within the oversold areas will provide the price with new negative momentum to keep waiting to touch 94.40 level followed by attempting to press on 85.60 support line.
The expected trading range for today is between 101.00 and 94.40
The expected trend for today: Bearish
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