coffee price ended the last negative attack by facing key support level at 275.90, which forces it to provide mixed trading by its fluctuation near 287.30 level.
Note that the stability of the current support might motivate the price to form bullish corrective waves, attempting to recover some losses, to targe 302.00 level initially, reaching 317.00, while breaking the previously mentioned support and holding below it will confirm its surrender to the negative scenario, to expect suffering new losses by reaching 264.80.
The expected trading range for today is between 277.00 and 302.00
Trend forecast: Bullish
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Despite providing bullish momentum by stochastic, however the fluctuation below the initial barrier at $3.520 level, which pushed it to form new bearish waves, repeating the pressure on the main support at $3.000.
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