SINGAPORE: New York December coffee looks neutral in a range of $1.8485 to $1.8805 per lb, and an escape could suggest a direction.

A break above $1.8805 could lead to a gain at $1.9120 while a break below $1.8485 could cause a fall to $1.8090. Wave pattern suggests an upside bias, as the bounce triggered by the support at $1.8485 may consist of three waves.

Even if coffee is likely to bounce further, the downtrend from $2.0155 may resume, as it adopted a corrective wave mode.