Coffee price renews the positive action – Analysis – 7-1-2022

Coffee price succeeded to get rid of the negative pressures and provide frequent positive closings above the bullish channel’s support line at 220.00, to notice renewing the positive action and settling above the moving average 55.

Note that it is important to breach 236.10 barrier to open the way to form strong bullish attack, to expect targeting many positive stations, starting at 241.50 followed by 250.60.

The expected trading range for today is between 227.00 and 241.50

The expected trend for today: Bullish