TECHNICALS-New York coffee may retest resistance at $2.9090

ReutersMay 5, 2026 8:48 AM

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SINGAPORE, May 5 (Reuters) - New York July coffee KCN6 may retest resistance at $2.9090 per lb, a break above which may lead to a gain to $2.9385.

The contract has broken a lower resistance at $2.8725. The break suggests the progress of a wave c, which is capable of travelling to the peak of the wave a around $2.9090.

A break below $2.85 may trigger a fall into $2.8135 to $2.8310 range.

The coffee report is published twice a week on Tuesday and Thursday.

Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own.

No information in this analysis should be considered business, financial or legal advice. Each reader should consult their own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

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