Coffee contracts’ price keeps the negativity – Analysis – 16-1-2019
Economies.com
2019-01-16 07:44AM UTC
Coffee contracts’ price attempted to form intraday positive rebound to notice testing the initial barrier 107.50 and forming new negative wave that confirms the continuation of the previously suggested negativity, thus, we will keep waiting to gather additional negative momentum to assist to reach 95.35 followed by providing new pressure on the bearish channel’s support line at 90.50.
Expected trading range for today is between 103.50 and 95.35
Expected trend for today: Bearish
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