Coffee price repeats the positive closings – Analysis – 5-12-2023
Economies.com
2023-12-05 06:02AM UTC
Coffee price continued to form bullish waves, to provide many closings above the bullish channel’s support line at 166.20, to notice achieving clear gains by reaching 188.00.
Also, the major indicators agree to provide the positive momentum, which assists to ease resuming the bullish attack, waiting to touch 193.60 followed by reaching 200.50 in the medium term period.
The expected trading range for today is between 177.10 and 190.00
The expected trend for today: Bullish
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