Coffee price surrenders to the resistance line stability – Analysis – 10-2-2021
Economies.com
2021-02-10 06:23AM UTC
Coffee contracts’ price continued to form negative fluctuations due to its frequent negative stability below the major resistance at 129.50, to notice declining towards 122.55, expecting to resume the negative attempts in the near term period to target the moving average 55 at 119.00, followed by starting to renew the bullish attempts to repeat the pressure on the resistance in order to find a way to move to the bullish track in the upcoming period.
The expected trading range for today is between 124.50 and 119.00
The expected trend for today: Bearish
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