Coffee price continued forming negative trading as the negative momentum provided negative momentum in the last period, approaching the support base that is represented by 260.15 level, the suggested scenario in the near trading depends on the strength of the current support, to expect forming bullish waves, to attempt to reach 285.25, repeating the pressure on 295.20 barrier.

 

Facing new bearish pressures and breaking the current support, will push it to suffer extra losses by reaching 262.20 and 257.30.

 

The expected trading range for today is between 269.00 and 285.25

 

Trend forecast: Bullish