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New York coffee biased to rise towards $1.2390
- The resistance is identified as the 61.8pc retracement of the downtrend from $1.3565 to $1.0485.
SINGAPORE: New York March coffee is biased to break a resistance at $1.2025 per lb and rise towards $1.2390.
The resistance is identified as the 61.8pc retracement of the downtrend from $1.3565 to $1.0485.
The consolidation in the range of $1.1660-$1.2390 looks like forming a continuation pattern.
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