Despite the neediness of coffee price to the positive momentum in the last period, its stability above 276.00 support helped to provide a chance for activating the previously suggested bullish trend, surpassing 295.00 level makes us begin targeting some positive stations by its rally towards 313.00 reaching 66.8%Fibonacci correction level at 329.60.

 

Facing new negative pressures and breaking the current support will force it to suffer several losses, to expect to reach 257.00 initially followed by 233.40 level.

 

The expected trading range for today is between 282.00 and 313.00

 

Trend forecast: Bullish