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New York coffee may test support at $0.9750
- The current consolidation seems to be taking the shape of a wedge, the lower trendline of which points at a target of $0.9750.
SINGAPORE: New York September coffee may test a support at $0.9750 per lb, a break below which could cause a fall to $0.9565.
The current consolidation seems to be taking the shape of a wedge, the lower trendline of which points at a target of $0.9750.
Resistance is at $1.0090, a break above which could lead to a gain into $1.0250-$1.0415 range.
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