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.
The anticipated trading range for today is between $325.50 support and $338.70 resistance.
Trend Forecast: Bullish