Coffee price keeps rising – Analysis – 29-9-2022

Economies.com
2022-09-29 05:46AM UTC

Coffee price renewed the positive trades, taking advantage of its stability above the moving average 55 to increase the chances of targeting the positive stations at 236.40 and 243.00.

 

Also, stochastic attempt to hold above 50 level will increase the chances of gathering the positive momentum to confirm confining trades above 211.10 support line until reaching the suggested positive targets.

 

The expected trading range for today is between 220.00 and 236.40

 

The expected trend for today: Bullish

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