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Coffee prices have recently overcome a bearish trend, rallying past the 244.30 mark to establish new support levels and achieve gains, reaching 250.80. This upward movement has shifted the market’s momentum, as major indicators now suggest a positive outlook.
The strengthened bullish sentiment indicates that coffee prices could target the 255.30 level in the near future. Following this, prices are expected to face resistance around 263.00, which is projected to be the next significant target for traders.
For today, the anticipated trading range for coffee is between 244.00 and 255.30.
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