Coffee price resumes the rise – Analysis – 7-12-2021
Economies.com
2021-12-07 05:49AM UTC
Coffee price succeeded to gather extra positive momentum, to keep its stability within the bullish channel’s levels as appears in the above image, the fluctuation of the trading above 237.80 level that represents an extra support against the bullish trading makes us prefer more of the upside moves, to reach 258.00 level that will represent the initial extra target and surpassing it might extend the trading to 267.00.
The expected trading range for today is between 238.00 and 258.00
The expected trend for today: Bullish
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