Coffee price confirms the positivity – Analysis – 25-8-2021
Economies.com
2021-08-25 04:40AM UTC
Coffee contracts’ price succeeded to provide frequent positive closings above 176.40 support line, to notice the beginning of forming bullish trades and record some positive targets by reaching 186.30.
Also, stochastic provides the positive momentum by rallying above 50 level, to increase the chances of forming strong bullish waves and manage to surpass 188.20 in order to reach the next positive station at 193.90.
The expected trading range for today is between 182.60 and 188.20
The expected trend for today: Bullish
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