Coffee price rebounds above the support – Analysis – 20-1-2023
Economies.com
2 months ago
Coffee price attempted to end the negative attack by bouncing above 146.00 support line, to decrease the previous losses by settling near 154.60.
Note that it is important to gather the positive momentum to manage to renew the positive attempts and target 163.40 level initially, while surpassing this obstacle might extend trades towards 174.15 as a next positive target for the bullish attempts.
The expected trading range for today is between 150.00 and 163.40
The expected trend for today: Bullish
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