Coffee price keeps the chances to renew the positivity – Analysis – 4-5-2022
Economies.com
2022-05-04 06:53AM UTC
Coffee price continued to face the negative pressures caused by the negative momentum coming by the major indicators, to notice its consolidation above the additional support 210.00 to keep the chances of renewing the bullish attempts.
We expect to gain the positive momentum to rally above the moving average 55 at 224.00 direct, to manage to achieve many gains and target 237.00 level, while surpassing it might extend trades towards 245.00 in the medium term period.
The expected trading range for today is between 210.00 and 224.00
The expected trend for today: Bullish
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