NY coffee targets $2.1275-$2.1615 range

03 Nov, 2021

SINGAPORE: New York December coffee may break a resistance at $2.1030 per lb and rise towards a range of $2.1275-$2.1615.

Following its failure on Oct. 26, the contract approached this barrier again. This positive move signals a resumption of the uptrend. Support is at $2.0665, a break below which could cause a fall to $2.037.

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