Coffee price approaches the support – Analysis – 21-11-2022
Economies.com
2022-11-21 05:37AM UTC
Coffee price continued to form strong negative trades recently, affected by the negative consolidation below 163.40 level, to suffer many losses by approaching 148.00 support line, while the upcoming scenario depends on the strength of this support line, to expect forming correctional bullish waves and cover some losses by targeting 157.80 followed by pressing on 163.40 in order to find a way to resume the rise in the upcoming period.
The expected trading range for today is between 148.00 and 157.80
The expected trend for today: Bullish
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