Coffee price surrendered to the negative pressures that come from providing negative momentum by the main indicators, to reach below 282.70 level, to retest the main support at 269.00.

 

Note that forming a new extra barrier at 283.00 level besides providing negative momentum by the main indicators, these factors make us wait for breaking the current support and providing a negative close below it, to confirm its readiness to target new negative stations by reaching 263.00 and 255.00.

 

The expected trading range for today is between 263.00 and 278.10

 

Trend forecast: Bearish