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Coffee Prices Eye Rally, Targeting $338.70 as Momentum Builds

by Daisy

Coffee prices have remained steady above the $312.10 support level, signaling readiness for renewed bullish momentum. The next key target is $330.30, with a potential move toward the $333.65 resistance barrier.

Stochastic indicators approaching the 80 level are expected to provide strong upward momentum, helping prices breach the $333.65 barrier and potentially extend gains toward $338.70. Should the rally continue, the price could eventually reach the recent high of $347.85.

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The anticipated trading range for today is between $325.50 support and $338.70 resistance.

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Trend Forecast: Bullish

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