Coffee price took advantage of the support level stability at 371.00, to begin activating with the main indicators, forming strong bullish rally to surpass the initial resistance at 390.25, achieving new gains by its stability near 400.00.

 

The continuation of the positive pressure makes us prefer more of the bullish attempts, to wait for reaching 414.25 level, then attempts to press on the recently achieved top at 424.00.

 

The expected trading range for today is between 382.00 and 414.25

 

Trend forecast: Bullish