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NY coffee neutral in $2.3155-$2.4075 range
SINGAPORE: New York coffee is neutral as it is sandwiched between $2.3155 and $2.4645 per lb.
A fall below $2.3155 will
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A fall below $2.3155 will confirm a bearish target at $2.2315, while a rise above $2.4075 will extend to $2.4645. The bias is now with the bulls, as a bullish double-bottom may form around $2.3155, significantly increasing the chance for a rebound from $2.2315 to extend beyond $2.4645. No information in this analysis should be considered as being business, financial or legal advice. 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.