Coffee price consolidates within the bullish track – Analysis – 6-2-2023
Economies.com
2023-02-06 05:25AM UTC
Coffee price confirmed its surrender to the domination of the bullish bias to keep its stability within the bullish channel, forming many bullish waves by touching the moving average 55 at 183.65.
Now, 163.40 forms additional support line, and stochastic attempts to provide the positive momentum, which support the bullish overview, waiting to surpass the moving average 55 to succeed achieving additional gains that might start at 194.40 and 204.10.
The expected trading range for today is between 166.70 and 188.45
The expected trend for today: Bullish
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