New York coffee may test support at $0.97

• The support is identified as the 214.6pc projection level of a downward wave c from $1.3465.
• The contract may extend its loss to any level above $0.9285.

The support is identified as the 214.6pc projection level of a downward wave c from $1.3465.

Until now, there has not been any confirmed bullish reversal signal.

The contract may extend its loss to any level above $0.9285.

Resistance is at $0.9955, a break above which could lead to a gain to $1.0195.