Coffee prices have completed a corrective bearish rebound, testing the 405.20 support line, and are now resuming bullish momentum, currently settling near 422.15.
With stochastic indicators providing positive momentum, there are strong prospects for a new bullish rally. This could push the price towards the previous high of 440.00, followed by a potential climb toward new historical highs around 454.60.
The expected trading range for today is between 415.00 and 440.00.
Trend Forecast: Bullish
Related topics: