Coffee contracts’ price colored by red – Analysis – 16-8-2019
Economies.com
2019-08-16 09:13AM UTC
Coffee contracts’ price continued to form negative trades since closing negatively below the moving average 55 at 99.90, to move at the middle of the main bearish channel, while stochastic attempt to decline towards 20 level will provide the price with new negative momentum to support the attempts to reach 90.10 followed by waiting to touch 85.60 support that forms the main target of the near term and medium term period.
The expected trading range for today is between 97.60 and 90.10
The expected trend for today: Bearish
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