Coffee price faces the negative pressures – Analysis – 6-10-2022
Economies.com
2022-10-06 05:46AM UTC
Coffee price succeeded to face stochastic negativity by providing frequent positive closings above the additional support 211.30, to start forming bullish waves and settle above the moving average 55 again.
Stochastic exit from the oversold areas will assist to provide the required positive momentum to activate the previously suggested correctional bullish track, reminding you that the positive targets are located near 229.50 and 236.50.
The expected trading range for today is between 216.00 and 229.50
The expected trend for today: Bullish
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