Markets
NY coffee may fall towards $1.1210
- The support is identified as the 38.2% retracement of the downtrend from $1.3565 to $1.0485.
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SINGAPORE: New York March coffee may break a support at $1.1660 per lb and fall towards $1.1210.
The support is identified as the 38.2% retracement of the downtrend from $1.3565 to $1.0485.
The consolidation in the range of $1.1660-$1.2025 is ending. It looks like the contract is poised to break $1.1660.
A break above $1.2025 could lead to a gain to $1.2390.