Coffee prices have shifted away from their previous bearish correction, rising above the 244.30 level and establishing it as a new support line for bullish movements. The price recently touched 250.80, reflecting a recovery and positive trend.
Major indicators are showing positive momentum, enhancing the likelihood of continued bullish performance. The next key target for coffee prices is projected to be around 255.30, with potential further resistance at 263.00.
Today’s expected trading range is between 244.00 for support and 255.30 for resistance.
Trend Forecast: Bullish
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