Coffee contracts price continues to decline – Analysis – 16-8-2018
Economies.com
2018-08-16 07:01AM UTC
Coffee contracts price surrendered to the bearish bias domination by providing frequent negative closings below 113.00 level, noticing its quick move towards the first negative target at 101.15, noting that stochastic reach to the oversold areas will increase the negative pressures and expect to break the current barrier to open the way to achieve new negative targets that might start at 93.80 followed by reaching 90.76 in the upcoming period.
Expected trading range for today is between 105.30 and 93.80
Expected trend for today: Bearish
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