Coffee price settles positively – Analysis – 25-11-2021

2021-11-25 06:45:42 GMT (Economies.com)
 

Coffee price provided new positive close recently by rallying above 239.10 level, to form new support against the bullish trades and notice achieving new positive target by reaching 247.50.

 

The continuous stability of the mentioned support and stochastic attempt to provide the positive momentum allow us to suggest more rise in the near term basis, waiting to reach 252.00 level, followed by attempting to touch the bullish channel’s resistance at 263.65.

 

The expected trading range for today is between 239.00 and 252.00

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1323
0.0053
0.4716%
1.3324
0.0014
0.1041%
Tadawul
10810.60
-60.02
0.55%
22.895
-0.151
0.653%
67.533
-4.868
6.724%
71.61
-1.83
2.49%
1794.135
9.045
0.507%
 
 
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