Coffee price repeats the positive closings – Analysis – 9-12-2021

No change to Coffee price track that keeps fluctuating within the bullish channel that appears on the chart, also, 236.50 level forms the initial support to confirm blocking trades within the bullish track, to keep waiting to record new positive targets by moving towards 257.40 and reach the bullish channel’s resistance at 266.80.

Note that reacting to stochastic negativity that moves below 50 level now and attempting to crawl below the mentioned initial support will force the price to activate the correctional bearish track, to expect moving towards 228.70 followed by reaching the moving average 55 at 222.60.

The expected trading range for today is between 240.00 and 257.40

The expected trend for today: Bullish