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NY coffee may retest resistance at $1.5255

  • Three waves make up the bounce. So far only two waves have completed
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By Reuters

SINGAPORE: New York September coffee may retest a resistance at $1.5255 per lb, to complete a bounce triggered by the support at $1.4770.

Three waves make up the bounce. So far only two waves have completed. The third wave labelled c is expected to travel into a range of $1.5255-$1.5485.

NY coffee may rise into $1.6195-$1.64 range

A break below $1.4970 could open the way towards $1.4770.

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.

Wheat Coffee New York soyabean

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