Coffee price begins the negative correction – Analysis – 30-11-2021
Economies.com
2021-11-30 07:21AM UTC
Coffee price lost its positive momentum recently, to force it to crawl below 239.10 level and confirm its surrender to the correctional bearish bias domination, to notice reaching 229.30.
Despite the price consolidation within the bearish channel, the stability of 239.10 barrier and stochastic continuous negative momentum signals allow us to suggest more correctional decline that might target 222.05 followed by 214.40 levels.
The expected trading range for today is between 239.10 and 222.05
The expected trend for today: Bearish
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