SINGAPORE: New York May coffee may fall into a range of $1.9095-$1.9380 per lb, as it failed twice to break a resistance at $2.0425.

Due to these failures, a double-top has formed around this barrier, which has been confirmed, suggesting a target of $1.9095.

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The uptrend from $1.6555 seems to have reversed as well. Resistance is at $1.9985, a break above which could lead to a gain to $2.0425.