Coffee contracts’ price repeated the correctional bullish trades to notice rallying above the moving average 55 recently at 97.30, hinting the affection by the correctional bullish bias domination, also, stochastic reach to the overbought areas increases the positive pressures to allow us to suggest reaching 106.90 soon, and surpassing this level might push the price to test the bearish channel’s resistance at 113.45.
The expected trading range for today is between 99.40 and 106.90
The expected trend for today: Bullish