Commodities

The futuristic coffee contracts record big gains – Analysis – 23-07-2021

2021-07-23 09:38:06 GMT (Economies.com)

The futuristic coffee contracts formed a strong bullish rally in the last period, surpassing 176.30 barrier to notice resuming the bullish attack and recording big gains by reaching 208.80.

 

Note that forming price gap yesterday and surpassing 194.00 barrier, so that confirms its readiness to resume the bullish attack, to target 61.8% Fibonacci correction level initially at 212.25 and surpassing it might extend to 221.90, to form the main target in the current trading.

 

The expected trading range for today is between 194.50 and 212.25

 

The expected trend for today: Bullish

 

 

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