Coffee price rebounds from the support – Analysis – 22-3-2022
Economies.com
2022-03-22 03:59AM UTC
Coffee price touched the target at 210.00 by the last negative attack, which forms key historical support as appears on the chart, to force it to cover some losses and rally bullishly towards 224.80.
Despite the continuous contradiction between the major indicators, the stability of the mentioned support confirms getting rid of the domination of the bearish bias for now, to start suggesting the bullish attempts again, which might target 229.70 followed by 236.50 levels.
The expected trading range for today is between 220.00 and 229.70
The expected trend for today: Bullish
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