Coffee price breaches the barrier – Analysis – 1-6-2021
Economies.com
2021-06-01 05:14AM UTC
Coffee price succeeded to breach 155.80 barrier, to notice moving into new bullish track and achieve some additional targets by touching 162.50.
Also, stochastic fluctuation within the overbought areas will increase the chances of gaining the positive momentum and confirm the continuation of the positivity, to expect targeting 166.70 level soon, followed by reaching 61.8% Fibonacci correction level at 172.00.
The expected trading range for today is between 156.60 and 166.70
The expected trend for today: Bullish
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