Coffee price activated the correctional bearish track by providing new negative close below the additional barrier 413.10, to notice suffering big losses by reaching 381.00 to attack 100% expansion level as appears on the chart.

 

Note that stochastic attempt to settle within the oversold areas increases the negative pressures, allowing us to suggest more negative trades for now, to target 374.00$ as an additional station, followed by reaching the next support at 363.00.

 

The expected trading range for today is between 363.00 and 390.00

 

Trend forecast: Bearish