Coffee price fluctuates within the bearish track – Analysis – 22-7-2022
Economies.com
2022-07-22 08:47AM UTC
Coffee price formed some correctional bullish rebound recently to cover some losses by rallying towards 218.20, while the main stability within the bearish channel and forming solid barrier by the moving average 55 at 222.00 will increase the chances of activating the negative attack again, to expect targeting 205.00 level soon, followed by reaching the main support at 190.00.
The expected trading range for today is between 215.00 and 205.00
The expected trend for today: Bearish
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