Coffee contracts’ price surrenders to the moving average negativity – Analysis – 25-10-2019
Economies.com
2019-10-25 07:27AM UTC
Coffee contracts’ price ended its recent fluctuation by providing clear negative close below the moving average 55 that forms barrier against the correctional bullish trades at 98.30, also, the price stability within the bearish channel will increase the chances of forming new negative attack, to expect moving towards 91.00 followed by repeating the pressure on 85.60 support.
The expected trading range for today is between 98.30 and 91.00
The expected trend for today: Bearish
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