Coffee contracts’ price keeps the negativity – Analysis – 17-9-2018
Economies.com
2018-09-17 07:09AM UTC
Coffee contracts price kept its negative stability below the key resistance at 112.25, to repeat the pressure on the initial support at 101.15, attempting to move into new negative track, expecting to gather new negative momentum to reach 96.20 level, followed by moving towards the first main target at 90.75.
Stochastic forms new negative wave to reinforce the negative overview by attempting to provide new negative momentum, to increase the chances of reaching the waited targets.
Expected trading range for today is between 105.00 and 96.20
Expected trend for today: Bearish
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