Coffee price surrendered to the stability of 211.40 level to decrease the chances of suffering new losses and start providing correctional bullish trades by moving towards the moving average 55 near 222.00.
We notice that stochastic started to provide the positive momentum, to increase the chances of resuming the correctional bullish attack, to expect surpassing the moving average 55 soon and achieving more gains by reaching 228.50 followed by attempting to touch the additional barrier at 236.50.
The expected trading range for today is between 212.00 and 228.50
The expected trend for today: Bullish