Coffee price is under the negative effect – Analysis – 6-12-2022

Coffee price still affected by the negative factors represented by 181.70 level forming additional barrier and the continuous negative momentum coming by the major indicators, to keep its fluctuation near 164.00.

We expect to form new bearish wave soon to target 155.40 followed by attempting to test the key support 146.00 that forms the key to detect the next main trend.

The expected trading range for today is between 170.00 and 155.40

The expected trend for today: Bearish