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
Commodities News
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...