Coffee price begins the bullish correction – Analysis – 13-12-2022

Economies.com
3 months ago

Coffee price faced the negative pressures to keep its stability above the key support 146.50, to notice forming correctional bullish waves and achieve 167.00.

 

Stochastic, positive momentum assists to renew the bullish attempts in the near term and medium term period, to keep waiting to achieve many gains by moving towards 173.20 followed by pressing on the additional barrier at 182.20.

 

The expected trading range for today is between 158.80 and 173.20

 

The expected trend for today: Bullish

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