Coffee prices resumed the previously suggested bullish move, finding support above the 55-period moving average, positioned near 300.50. This has given prices room to extend their gains, reaching 317.30.

 

Sustained positive momentum could strengthen the bullish trend, with prices expected to challenge the resistance barrier near 320.50 soon. A break above this level would pave the way for an immediate advance toward the next major target at 329.70.

 

The expected trading range for today is between 307.50 and 320.50

 

Trend forecast: Bullish