Coffee price needs new positive momentum – Analysis – 28-3-2022
Economies.com
2022-03-28 03:44AM UTC
Coffee price failed to surpass the moving average 55 that formed additional barrier at 228.35, to force it to provide mixed sideways trades and settle near 221.00.
We remind you that the bullish scenario will remain valid as long as the additional support 210.00 remains intact, waiting to gather the positive momentum to manage to surpass the obstacle and reach the next positive station at 236.15.
The expected trading range for today is between 216.00 and 230.00
The expected trend for today: Bullish
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