Coffee price builds bearish channel – Analysis – 7-7-2022
Economies.com
2022-07-07 05:38AM UTC
Coffee price formed bearish channel recently by forming major resistance at 236.00, to notice the beginning of forming negative trades by reaching 218.00, noting that the negative stability below the EMA50 and stochastic attempt to provide the negative momentum will increase the chances of breaking 217.00 level to manage to target new negative stations that might start at 211.40 and 204.25 levels.
The expected trading range for today is between 224.00 and 211.40
The expected trend for today: Bearish
Commodities News
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows weak trades since morning, ...
Commodities
Crude oil price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price finds good resistance formed by ...
Commodities
Silver price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Silver Price Analysis Expected Scenario Silver price shows sideways trades since ...