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NY coffee may fall into $2.3230-$2.35 range

  • Coffee may fall into the range of $2.3230-$2.35, in which a wave d ended
Published January 13, 2022

SINGAPORE: New York March coffee may break a support at $2.3865 per lb and fall into $2.3230-$2.35 range.

The current bounce could be well broken down into five waves. Such a structure suggests the completion of the bounce, or the formation of a temporary top around $2.45.

Coffee may fall into the range of $2.3230-$2.35, in which a wave d ended. A break above $2.45 could lead to a gain to $2.4895.

NY coffee may retest resistance at $2.35

Note: The coffee report is published twice a week - Tuesday and Thursday. Charts are not available in emails received through "Alert". Key in news code of to view charts.

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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