Coffee price keeps the positivity – Analysis – 9-2-2024
Economies.com
2024-02-09 09:07AM UTC
Coffee price succeeded to face the temporary negative pressures recently, to keep its positive stability within the bullish channel and notice its fluctuation near 189.55 level now, taking advantage of the MA55 forming additional support by fluctuating near 177.30.
Note that stochastic rally above 50 level will provide the price with new positive momentum to manage to activate the bullish attack and repeat the attempt to press on 203.40 barrier, while surpassing it will push the price to record new gains by rallying towards 211.10 followed by reaching 227.00 in the medium term period.
The expected trading range for today is between 181.50 and 211.10
The expected trend for today: Bullish
Commodities News
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities Technical Analysis
Commodities
Platinum price moves slowly – Forecast today – 3-5-2024
2024-05-03 07:02AM UTC
Scenarios Scenario 1: Slow Positive Attempts Despite positive factors, platinum price sees slow ...
Commodities
Copper price under the negative pressure – Forecast today – 3-5-2024
2024-05-03 07:00AM UTC
Scenarios Scenario 1: Continuous Negative Pressure Copper price affected by stochastic exit ...
Commodities
Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...