Coffee prices have succumbed to stochastic negativity, falling below the additional support level of $245.00. This suggests the activation of a bearish correction, with the price likely to trend towards $240.20.
Further declines are anticipated, potentially leading to new negative trades targeting $234.70 and $229.80.
The expected trading range for today is between $234.70 support and $244.00 resistance.
Trend Forecast: Temporarily Bearish
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