coffee price moves to the bearish track– Analysis – 10-5-2022
Economies.com
2022-05-10 04:52AM UTC
coffee price faced several negative factors that forces it move to the negative track by reaching the extra support at 211.50, reaching to 50% Fibonacci correction level at 202.80.
the stability of the moving average 55 above the broken support confirms the trading’s confinement within the bearish track, to increase the chances for resuming the negative attack in the current period, to target 197.80 level reaching 190.70 to form the next main target of the bearish bias.
The expected trading range for today is between 210.00 and 197.80
The expected trend for today: Bearish
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