Coffee contracts price still bearish – Analysis – 29-8-2018

Coffee contracts price formed intraday positive rebound recently to settle above 101.15 level, affected by stochastic attempt to exit the oversold areas, while the price stability below 112.00 resistance allows us to continue suggesting the negative attempts that require getting negative close below 101.15 level to open the way to record new negative targets that might start at 94.60 followed by 90.75.

Expected trading range for today is between 107.00 and 94.60

Expected trend for today: Bearish