The coffee price needs a new positive momentum – Analysis – 26-9-2022

The coffee price repeated providing positive trading, depending on the stability of the extra support at 211.00, but the moving average 55 keeps decelerating the bullish attempts by its stability near 222.00, which forces it to provide new sideways trading as appear in the above image.

Note that resuming the bullish correctional attempts requires gathering new positive momentum, which allows it to rally towards the positive stations at 229.50 and 236.50, while reaching below the current support will reinforce the domination of the bearish bias again, to expect suffering big losses that might begin at 204.50 and 194.70.

The expected trading range for today is between 215.40 and 229.50

The expected trend for today: Bullish