Coffee price keeps the positivity – Analysis – 4-1-2024
Economies.com
2024-01-04 05:43AM UTC
Coffee price lost the positive momentum after recording the target at 202.75, to notice forming some correctional bearish waves due to stochastic exit from the overbought areas, targeting 184.45 level.
Note that the main stability within the bullish channel that appears on the chart and the MA55 forming additional support at 176.75 allow us to wait to gather the positive momentum and manage to end the temporary negative fluctuation to start targeting the positive stations near 198.00 and 209.65.
The expected trading range for today is between 182.00 and 198.00
The expected trend for today: Bullish
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