Coffee price repeated the negative closings below the moving average 55 at 221.00, to keep the stability below the bearish channel and achieve the first target at 212.00.
Also, stochastic exit from the overbought areas will assist to provide the additional negative momentum to increase the efficiency of the bearish track to expect reaching 203.50 level soon, while surpassing this obstacle will extend trades towards 190.00.
The expected trading range for today is between 216.00 and 203.50
The expected trend for today: Bearish