Wed, 23 Mar 2022 11:48:44 GMT
Coffee price finds support
The zone, which captures the 2021 July, October and November high levels, at 210.40/215.20 provided support to the price for coffee in mid-March. Afterwards, a recovery of the soft commodity price occurred. By March 23, the price had recovered and was heading to the 230.00 level.
If the price continues to recover, coffee might encounter resistance in the 230.00 mark,