Markets
NY coffee may bounce into 0.9630-$0.9850 range
- The support is provided by the 200pc projection level on a downtrend from $1.2260.
SINGAPORE: New York July coffee may bounce into a range of $0.9630-$0.9850 per lb, as it has found a support at $0.9280.
The support is provided by the 200pc projection level on a downtrend from $1.2260.
The bullish divergence on the hourly RSI suggests a decent bounce is due.
A break below $0.9280 could cause a fall to $0.9060.
Comments
Comments are closed.