Coffee price continued to form strong bullish waves, moving further away from the pivotal support level at 269.00, as it responded to the positive signals from the main indicators and recorded notable gains, reaching 305.00 and thereby achieving the targets suggested in the previous report.

 

Currently, with the price attempting to establish 295.10 as additional support and positive momentum available, we expect it to resume its bullish advance, targeting 311.10 in the near term, followed by 320.75, closing the previously formed price gap.

 

The expected trading range for today is between 294.00 and 311.10

 

Trend forecast: Bullish