New York coffee may end fall in $0.9495-$0.9520 range

• The range is formed by the 86.4pc retracement of the uptrend from $0.9340 to $1.0495 and the 100pc projection level of a downward wave c from $1.0290.
• This wave seems to be completing around $0.9520.

SINGAPORE: New York December coffee  may end its fall in a support range of $0.9495-$0.9520 and then test a resistance at $0.9315 per lb.

The range is formed by the 86.4pc retracement of the uptrend from $0.9340 to $1.0495 and the 100pc projection level of a downward wave c from $1.0290.

This wave seems to be completing around $0.9520.

A break above $0.9615 may lead to a gain to $0.97 while a break below $0.9495 could cause a fall to $0.9340.