Coffee price achieves more gains – Analysis – 6-8-2020
Economies.com
2020-08-06 05:24AM UTC
Coffee contracts’ price took advantage its positive rally above 119.00 barrier to notice forming strong bullish wave recently, recording big gains by reaching 126.80, while the current negative rebound hints the attempt to gather the additional positive momentum that will allow the price to keep recording targets and expect moving towards 129.00 level, while surpassing it might extend trades towards 134.40 in the upcoming period.
The expected trading range for today is between 119.00 and 129.00
The expected trend for today: Bullish
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