Coffee price successfully held above the support level near 269.00, forming strong bullish waves and achieving some of the previously suggested gains by currently reaching 288.00.

 

As shown on the attached chart, stochastic is approaching the 80 level, increasing the chances of the price gathering the positive momentum needed to resume its bullish attack, which could target 299.25, followed by 311.00.

 

 

The expected trading range for today is between 283.00 and 299.25.

 

Trend forecast: Bullish