Coffee price keeps the positivity – Analysis – 4-1-2024
Economies.com
2024-01-04 05:43AM UTC
Coffee price lost the positive momentum after recording the target at 202.75, to notice forming some correctional bearish waves due to stochastic exit from the overbought areas, targeting 184.45 level.
Note that the main stability within the bullish channel that appears on the chart and the MA55 forming additional support at 176.75 allow us to wait to gather the positive momentum and manage to end the temporary negative fluctuation to start targeting the positive stations near 198.00 and 209.65.
The expected trading range for today is between 182.00 and 198.00
The expected trend for today: Bullish
Commodities News
Commodities
Gold climbs ahead of inflation data, Powell's speech
2024-05-14 08:35AM UTC
Gold prices rose in European trade on Tuesday, resuming gains after a short hiatus, as US 10-year ...
Commodities
Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Commodities
Brent climbs nearly 1.5% on Asian demand hopes
2024-05-13 14:32PM UTC
International benchmark Brent rose 1.5% in American trade on Monday, resuming its recovery from ...
Commodities Technical Analysis
Commodities
Update: Crude oil price hits the first target
2024-05-14 15:07PM UTC
Crude oil price succeeded to touch our first waited targe tat 77.64$ and finds solid support there, ...
Commodities
Brent oil price forecast update 14-05-2024
2024-05-14 09:25AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows slight bearish bias now, ...
Commodities
Crude oil price forecast update 14-05-2024
2024-05-14 09:25AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price provides additional negative ...