Coffee price suffers big losses – Analysis – 19-10-2022
Economies.com
2022-10-19 05:33AM UTC
Coffee price continued to form strong negative waves recently, affected by its stability within the bearish channel, in addition to forming solid barrier at 212.00, to notice suffering big losses by reaching 193.00.
The major indicators agree to provide the negative momentum, to increase the chances of resuming the negative attack to target the main support at 187.25 followed by monitoring the price behavior due to the importance of this support to detect the next targets.
The expected trading range for today is between 200.00 and 187.25
The expected trend for today: Bearish
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