Coffee contracts’ price repeats the bullish attempts – Analysis – 16-7-2021
Economies.com
2021-07-16 09:22AM UTC
Coffee contracts’ price leaned on the strength of the additional support at 147.00 to manage to renew the bullish attempts and notice recording 158.30 level.
The frequent stability within the bullish channel supported by stochastic positive momentum signals increases the chances of breaching 164.00 obstacle, to manage to reach 176.80 that forms the extension of the bullish channel’s resistance.
The expected trading range for today is between 154.30 and 164.00
The expected trend for today: Bullish
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