Coffee price needs new positive momentum – Analysis – 26-4-2022
Economies.com
2022-04-26 05:42AM UTC
Coffee price continued to form mixed trades recently, to move between 211.00 support and 237.00 resistance.
Now, stochastic reach to the oversold areas and the price stability above the mentioned support allow us to wait to gather the positive momentum to manage to start the bullish attack and target 227.30 initially, followed by repeating the pressure on the mentioned barrier in order to find a way to reinforce the bullish track for the upcoming period.
The expected trading range for today is between 215.00 and 227.30
The expected trend for today: Bullish
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