SINGAPORE: New York September coffee may rise into a range of $1.6195-$1.64 per lb, driven by a wave 5.
A five-wave cycle from $1.4905 looks incomplete. So far, only four waves have unfolded.
The fifth wave, the wave 5, has just started. It is travelling towards $1.64.
Support is at $1.5795, a break below which could cause a fall into $1.5545-$1.5640 range.
Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
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