Coffee contracts’ price begins to rebound bullishly – Analysis – 30-5-2019

Coffee contracts’ price got enough of the negative fluctuation by reaching near the bearish channel’s support line at 85.85 recently, noticing forming correctional bullish rebound to surpass the moving average 55 at 96.75 to touch the first correctional targets at 100.00.

We will depend on the moving average 55 forming additional support to note that stochastic continuous positive momentum signals will increase the chances to resume the bullish attack to target 102.75 followed by reaching 107.45 barrier.

The expected trading range for today is between 97.00 and 102.75

The expected trend for today: Bullish