Coffee price begins to decline – Analysis – 15-3-2022
Economies.com
2022-03-15 04:07AM UTC
Coffee price confirmed its surrender to the domination of the bearish bias by forming new negative waves recently and settling near 218.60, reminding you that the bearish track will remain valid as long as the additional barrier 236.50 remains intact, in addition to the major indicators that agree to provide the negative momentum now.
These factors allow us to suggest more negativity, to expect moving towards 211.60 obstacle, while breaking this level will extend trades towards 204.40 and 191.00 levels direct.
The expected trading range for today is between 224.60 and 211.60
The expected trend for today: Bearish
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