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NY coffee may rise into $1.0025-$1.02 per lb range
- The resistance was provided by the 161.8% projection level on a downtrend from $1.2260.
- The rise on Monday suggests a reversal of the downtrend.
SINGAPORE: New York July coffee may rise into $1.0025-$1.02 per lb range, as it has broken a resistance at $0.9850 per lb.
The resistance was provided by the 161.8% projection level on a downtrend from $1.2260.
The rise on Monday suggests a reversal of the downtrend.
A break below $0.9850 could cause a fall to $0.9630.
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