Coffee price confirmed its surrender to the domination of the bullish bias by consolidating above the key support 224.00, surpassing 23.6% Fibonacci correction level at 233.20.
In case 233.20 level formed additional support, that will allow us to wait to gather the additional positive momentum to manage to provide strong bullish trades in order to reach 248.00 followed by reaching the recently recorded high at 259.00.
The expected trading range for today is between 235.00 and 248.00
The expected trend for today: Bullish