Coffee price renews the positivity – Analysis – 22-5-2023
Economies.com
2023-05-22 06:24AM UTC
Coffee price continued to face stochastic negativity in order to confirm the domination of the bullish bias, to notice its frequent fluctuation above the MA55 and settle near 190.40, assuring the importance of gathering the positive momentum to ease the mission of renewing the pressure on 196.75, while surpassing it will push the price to reach the additional targets near 205.20 followed by reaching 212.30 resistance line.
The expected trading range for today is between 185.00 and 196.70
The expected trend for today: Bullish
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