Coffee price kept its stability above 275.80 support until this moment, attempting to find a chance to reduce the losses, farming sideways waves by its fluctuation near 280.00 level.

 

The price needs new bullish momentum, reinforcing the chances of beginning recovering the losses, to expect its rally towards 293.50 directly, to press on the barrier at 301.00, while the decline below the current support will confirm the continuation of the negativity in the upcoming trading, expecting the next negative target at 264.80 level.

 

The expected trading range for today is between 275.00 and 293.50

 

Trend forecast: Bullish