Coffee price had to postpone the bullish rally by crawling below 406.00 level recently, to form mixed sideways trades by settling near 385.00 now, noting that the main stability above the bullish channel’s support line at 366.00 and stochastic attempt to provide the positive momentum allow us to keep the bullish overview, to target 406.00 as a first station, while surpassing it might extend trades towards the next main target at 426.00.

 

The expected trading range for today is between 375.00 and 406.00

 

Trend forecast: Bullish