Regardless of the wave structure, the rally looks full of momentum. Support is at 3,673 ringgit, a break below which could cause a fall into a range of 3,545-3,624 ringgit.
Despite its strength, the current rise may end in a wide range of 3,524-3,716 ringgit, as the fall from 3,888 ringgit adoped a five-wave mode, which suggests the second round of drop.
Meanwhile, in Indonesia's Lampung province coffee prices remain unchanged with Sumatran robusta beans being offered with a $250 premium to the March contract and a $290 premium to the April contract, traders said.