Coffee price was affected by strong negative pressures recently, to postpone the bullish attack by forming correctional bearish wave and settle near the additional support 242.00.

Note that the main consolidation within the bullish channel and the major indicators positive momentum allow us to keep the bullish overview, to start targeting some positive stations by rallying towards 252.00 followed by reaching 260.50 in the medium-term period.

The expected trading range for today is between 242.00 and 252.00

Trend forecast: Bullish