Coffee price succeeded in activating the previously suggested negative trend by reaching below 334.20 support, forming a strong decline, achieving the initial target by reaching 314.85 level.

 

Note that stochastic stability within the oversold level will increase the negative pressure in the current period, to form new bearish waves to reach 308.00, to press on 300.50 support to find an exit for resuming the negative trading in the upcoming period. 

 

The expected trading range for today is between 300.50 and 325.00

 

Trend forecast: Bearish