Coffee price continued forming strong bearish trading, affected by forming solid barrier at 330.00 level in the last trading, to notice reaching 283.00 to record the suggested targets in the previous reports.

 

Stochastic attempt to exit the oversold level might push the price to form mixed trading, but it will not affect the negative scenario, to expect reaching 275.80 level, and breaking it will open the way for reaching extra negative stations that might begin at 264.60 and 241.40.

 

The expected trading range for today is between 264.00 and 298.00 

 

Trend forecast: Bearish