Business Recorder - Markets - Commodities https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 22:20:00 +0500 Thu, 13 Aug 2026 22:20:00 +0500 60 New York coffee to revisit Feb. 22 high at $2.7840/lb https://www.brecorder.com/news/5032/new-york-coffee-to-revisit-feb-22-high-at-27840lb <p class="MsoNormal"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/coffee.jpg" width="400" height="300" />SINGAPORE: New York coffee is expected to revisit Feb. 22 high at $2.7840, as a correction from this level could have completed.</p> <p class="MsoNormal">The correction narrowly missed an anticipated depth at $2.5935, the 38.2 percent Fibonacci retracement on a five-wave rise from $2.2850 to $2.7840, and the immediate recovery of the price later on indicates the uptrend could have resumed.</p> <p class="MsoNormal">Support is at the wave "c" trough of $2.6210, a fall below which will confirm a further retracement towards $2.5345, the 50 percent Fibonacci level.</p> <p class="MsoNormal"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p> SINGAPORE: New York coffee is expected to revisit Feb. 22 high at $2.7840, as a correction from this level could have completed.

The correction narrowly missed an anticipated depth at $2.5935, the 38.2 percent Fibonacci retracement on a five-wave rise from $2.2850 to $2.7840, and the immediate recovery of the price later on indicates the uptrend could have resumed.

Support is at the wave "c" trough of $2.6210, a fall below which will confirm a further retracement towards $2.5345, the 50 percent Fibonacci level.

Copyright Reuters, 2011

]]> Markets https://www.brecorder.com/news/5032 Mon, 28 Feb 2011 13:17:04 +0500 none@none.com (Abdul Ahad)