SINGAPORE: New York May coffee may break a support at $2.1840 per lb and fall into a range of $2.1260-$2.1485.
The contract has fallen below the Jan. 3 low of $2.2070 and completed a pullback towards this level.
The downtrend has resumed towards a key support at $2.1485.
A break above $2.2070 could lead to a gain into $2.22-$2.2425 range.
Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
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