Coffee contracts seeks the positive momentum – Analysis – 2-7-2018

Coffee contracts price failed to achieve any new positive target by forming new sideways trading, hinting the lack of the positive momentum until this moment, reminding you that the stability of 113.00 main support forms the main factor to confirm the positivity of the upcoming trading to expect gathering positive momentum and form strong bullish attack to target 122.10 followed by reaching 127.60 level that forms 23.6% Fibonacci correction level.

Stochastic approach to 20 level confirms the attempt to get rid of the negative pressures to increase the chances of gathering the positive momentum and confirm the continuation of the positivity as long as the price is above the main support to achieve the suggested targets.

Expected trading range for today is between 113.00 and 122.10

Expected trend for today: Bullish