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New York coffee may rise to $1.0195

The resistance is identified as the 200pc projection level of a downward wave c from $1.3465. The next resista
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By Reuters
  • The resistance is identified as the 200pc projection level of a downward wave c from $1.3465.
  • The next resistance will be at $1.0195, a break above which could open the way towards the range of $1.0370-$1.0625.

SINGAPORE: New York March coffee may rise to $1.0195 per lb, as it has cleared a resistance at $0.9955.

The resistance is identified as the 200pc projection level of a downward wave c from $1.3465.

The next resistance will be at $1.0195, a break above which could open the way towards the range of $1.0370-$1.0625.

A break below $0.9955, now a support, may cause a fall to $0.9830.

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