NY coffee may retest resistance at $1.8660

  • Support is at $1.8335, a break below which could cause a fall into $1.8035-$1.82 range
23 Sep, 2021

SINGAPORE: New York December coffee may retest a resistance at $1.8660 per lb, a break above which could lead to a gain to $1.8945.

The contract stabilized around a rising trendline. This behaviour suggests a further consolidation above the line or a continuation of the uptrend from the Aug. 2 low of $1.7450.

Support is at $1.8335, a break below which could cause a fall into $1.8035-$1.82 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.

Read Comments