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NY coffee may fall into $1.1375-$1.1475 range

  • The resistance is identified as the 238.2pc projection level of an upward wave c from $0.9630.
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By Reuters
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SINGAPORE: New York September coffee may fall into a range of $1.1375-$1.1475 per lb, following its failure to break a resistance at $1.1990.

The resistance is identified as the 238.2pc projection level of an upward wave c from $0.9630.

Coffee failed twice to overcome this barrier, around which, a temporary top could have formed.

A break above $1.1845 could lead to a gain into $1.1990-$1.2220 range.

Coffee

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