Coffee price awaits the positive momentum – Analysis – 4-4-2023
Economies.com
2023-04-04 06:26AM UTC
Coffee price provided many sideways fluctuations recently, postponing the bullish rally due to the lack of the positive momentum, to suffer some losses by approaching the additional support at 163.40.
On the other hand, the main stability within the bullish channel that appears on the chart allows us to wait to gather the positive momentum and ease the mission of surpassing the MA55 at 182.20, to open the way to reach the main positive stations that might start at 193.50 followed by 202.00.
The expected trading range for today is between 168.00 and 182.00
The expected trend for today: Bullish
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