Coffee contracts price resumes the decline – Analysis – 2-4-2019
Economies.com
2019-04-02 06:35AM UTC
Coffee contracts price provide new negative close recently below 95.20 level, which formed additional resistance against the bearish trades, also, stochastic reach to the oversold areas eased the mission of gathering negative momentum, allowing us to wait to reach our negative targets at 90.00 followed by reaching the bearish channel’s support line at 86.85.
The expected trading range for today is between 94.00 and 90.00
The expected trend for today: Bearish
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