Coffee price ends the correctional bullish rebound – Analysis – 13-10-20222
Economies.com
2022-10-13 05:38AM UTC
Coffee price surrendered to the negative pressures again, to end the correctional bullish rally by crawling below the additional support 212.00, noting that the continuous negative closings below this support in addition to stochastic attempt to crawl towards the oversold areas will increase the negative pressures on the price, to expect suffering additional losses that might extend towards 204.10 followed by 195.50 that forms the first main target of the bearish track.
The expected trading range for today is between 219.50 and 204.10
The expected trend for today: Bearish
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