Coffee price holds above the support – Analysis – 31-3-2022
Economies.com
2022-03-31 04:38AM UTC
Coffee price returned to test 210.00 support line followed by bouncing bullishly towards 222.15, confirming getting rid of the negative pressures, to expect forming strong positive rally in order to surpass the moving average 55 at 227.20 and reach the main targets at 233.10.
The above chart shows stochastic rally upwards strongly to settle within the overbought areas to increase the chances of gaining the required positive momentum to achieve the suggested targets.
The expected trading range for today is between 218.00 and 277.20
The expected trend for today: Bullish
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