Coffee price continues to rise – Analysis – 7-9-2020
Economies.com
2020-09-07 04:46AM UTC
Coffee contracts’ price succeeded to breach the initial barrier at 126.70 to manage to resume the bullish attack and notice recording 135.00 level recently, to confirm surrendering to the bullish bias domination.
Stochastic continuous fluctuation within the overbought areas supports our bullish overview by providing the additional positive momentum to keep our bullish overview until reaching the next barrier at 139.30.
The expected trading range for today is between 127.00 and 139.30
The expected trend for today: Bullish
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