Coffee Futures Analysis- 23June2020

The above chart is Coffee Futures (KCN20) daily chart, which is showing a strong consolidation taking places currently between 90-100 levels, and above 100, we will see a rally towards 120. Coffee Traders should stay long above 100 for Target 120-125. The rally above 100 towards 120-125 is likely to be very rapid, and it will not much chance to Traders who are not long from 100 level.

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