Coffee price achieves additional gains – Analysis – 18-11-2021

2021-11-18 05:48:41 GMT (Economies.com)
 

Coffee price succeeded to form new bullish rally to surpass 222.30 barrier and notice achieving additional gains by reaching 233.25.

 

The continuous fluctuation within the bullish channel and 222.00 forming additional support line support the continuation of the positivity for the near term and medium term trades, noting that there is a chance to touch the second target at 239.10, while surpassing it might extend trades towards the major resistance at 254.50.

 

The expected trading range for today is between 222.00 and 239.10

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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