Coffee price surrendered to the negative pressure in its last trading due to the negative momentum that comes from the main indicators, to settle below the support at 276.80 level, announcing its surrender to the negative scenario by reaching 265.40 level.

 

Note that providing negative close below 255.00 level in the near trading, to confirm its readiness to target new bearish stations that might begin at 233.80, while its failure to settle below this barrier will provide a chance for recovering some losses by its rally towards 280.00 and 294.00 gradually.

 

The expected trading range for today is between 234.00 and 274.00

 

Trend forecast: Bearish