NY coffee may rise into $1.6195-$1.64 range

  • The fifth wave, the wave 5, has just started. It is travelling towards $1.64
01 Jul, 2021

SINGAPORE: New York September coffee may rise into a range of $1.6195-$1.64 per lb, driven by a wave 5.

A five-wave cycle from $1.4905 looks incomplete. So far, only four waves have unfolded.

The fifth wave, the wave 5, has just started. It is travelling towards $1.64.

Support is at $1.5795, a break below which could cause a fall into $1.5545-$1.5640 range.

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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