Coffee price repeats the positive closings – Analysis – 17-2-2022
Economies.com
2022-02-17 06:18AM UTC
Coffee price repeated the positive closings within the bullish channel, to move away from the main support at 240.40 in order to reinforce the chances of resuming the bullish attack.
Also, the consolidation of the moving average 55 near the main support confirms blocking the price within the bullish track, to expect attacking 261.00 barrier soon, while surpassing it will push to record additional gains by moving towards 267.40 and 276.10.
The expected trading range for today is between 246.00 and 267.40
The expected trend for today: Bullish
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