NY coffee may rise into $1.7960-$1.8310 range

07 Feb, 2023

SINGAPORE: New York March coffee may rise into a range of $1.7960-$1.8310 per lb, as it has completed a pullback towards a falling trendline.

The contract may have resumed its uptrend.

A projection analysis reveals a resistance at $1.7605, which has been more or less broken.

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The break could lead to a gain into $1.7960-$1.8310 range.

A break below $1.7165 could be followed by a drop into $1.6455-$1.6865 range.

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