Coffee price keeps the negativity – Analysis – 6-1-2023
2 months ago

Coffee price provided more negative closings by consolidating below 178.00 resistance, to start reacting to the major indicators by declining towards 159.40, expecting to continue forming negative crawl and attempt to touch 154.00, while breaking this obstacle will extend trades towards 147.10 to face the historical support that appears on the chart, assuring the importance of monitoring its behavior to manage to detect the next main trend.


The expected trading range for today is between 166.00 and 147.10


The expected trend for today: Bearish

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