Coffee price repeats the positive closings – Analysis – 22-2-2024
Economies.com
2024-02-22 05:50AM UTC
Despite coffee price recent weak trades and the lack of the positive momentum, providing frequent positive closings within the bullish channel and fluctuating near 187.40 allow us to keep the previously suggested bullish overview.
We expect to form additional support at 180.50 to provide the chance to gather the required additional positive momentum to motivate the price to renew the bullish rally and ease the mission of recording some positive gains that might start at 194.10 followed by reaching 210.90 in the medium-term period.
The expected trading range for today is between 184.00 and 194.10
The expected trend for today: Bullish
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