Analysis of coffee trends on 23/07/2018

I. Trend analysis of Robusta coffee.

1. Analytical Chart: Robusta9 / 2018 time frame of 4 hours (current price: 1683).

2. Comments: The price line is maintaining a short-term upward adjustment. Temporarily, the price line may accumulate between 1685 and 1670 before continuing the upward momentum of 1705 resistance beyond 1720-1730 before moving in the short term.

Expected range: This session is expected after the opening of the price session may be subject to pressure from the 1685 and phase down to the 1670 and then recover the average price at the end of the session. Expected price range: 1685 - 1670.

5. Expected trend: Neutral.

6. Secondary scenario: If the increase over 1690, then increase to 1705 and then reduce again. If you fall below 1665, then reduce to 1655 then recover.

7. Resistance levels: 1685 - 1705 - 1720.

8. Support levels: 1670 - 1655 - 1635.

II. Trend analysis of Arabica coffee

1. Analytical Diagram: Arabica9 / 2018 1 hour time frame (current price: 110.65).

2. Comments: The price line is maintaining the upward correction phase. Temporarily accumulate in the range of 111 - 109.00 before continuing to gain momentum of 112 - 115 before moving in the short term.

Expected range: This session is expected after the opening of the price session may be subject to pressure from 111.00 and then phase down to 109.00 then recover the average price at the end of the session. Estimated daily volume: 111.00 - 109.00.

4. Expected trend: Neutral.

5. Auxiliary scenario: In case of a rise to 111.50, it is likely to increase to 112.50 then weaken. If we fall below 109.00, then we reduce to 108.00 then recover.

7. Resistance levels: 111.00 - 112.50 - 115.50.

8. Support levels: 109.00 - 108.00 - 107.00.

(For reference only)

Author: HNH @ 06h20