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Coffee price surpasses the initial target – Forecast today – 5-6-2026
Coffee price confirmed the dominance of the bearish bias by providing repeated closes below the barrier at 275.80 level, activating with the main indicators negativity by surpassing the initial support at 256.60 and its stability near 246.35.
No escape from forming extra bearish waves, to keep waiting to reach extra negative stations at 233.80 reaching the next support at 220.00 level, which represents confirmation key for the futuristic trading.
The expected trading range for today is between 233.80 and 258.00
Trend forecast: Bearish
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