Coffee contracts keeps the negativity – Analysis – 8-3-2019
Economies.com
2019-03-08 09:45AM UTC
The coffee contracts price ended its positive rebound by providing a new negative close below the initial resistance at 101.50, reinforcing the negative expectation, to form a strong bearish wave and its approach from the support at 95.30.
Gaining an extra negative momentum that comes from stochastic reach below 50 level will increase the chances for breaking the current support, which allows it to target new bearish levels that begin at 90.90 reaching to 88.55.
The expected trading range for today is between 83.40 and 85.25
The expected trend for today: Bullish
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