Coffee price rebounds above the support – Analysis – 20-1-2023
Economies.com
2023-01-20 06:28AM UTC
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
Commodities News
Commodities
Palladium sharpens decline to below $1000 an ounce
2023-12-08 16:57PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, sharpening losses to ...
Commodities
Gold edges up ahead of US jobs data
2023-12-08 08:12AM UTC
Gold prices rose in European trade on Friday for the third straight session ahead of US monthly ...
Commodities
Oil prices try to recover from six-month trough
2023-12-07 13:55PM UTC
Global oil prices rose on Thursday for the first time in six days away from six-month lows as the ...
Commodities Technical Analysis
Commodities
Evening update for Gold 08-12-2023
2023-12-08 15:05PM UTC
Gold price broke the bullish channel’s support line clearly and closed the last four ...
Commodities
Midday update for Brent oil 08-12-2023
2023-12-08 10:36AM UTC
Brent oil price attempted to breach 75.60 level but it returned to fluctuate below it again, which ...
Commodities
Midday update for Crude oil 08-12-2023
2023-12-08 10:36AM UTC
Crude oil price traded with additional positivity to attack 70.50 level but it returned to trade ...