NewsSignals AI analysis·Reuters·
New York coffee may retest resistance at $3.1945
Grade Bbullish AI signal$KC
New York December coffee futures could retest resistance at $3.1945 per pound as technical signals point to a persistent uptrend.
The contract broke above $3.1655 after three previous failed attempts, with a sustained breakout potentially opening a path toward $3.2180–$3.2415.
A decisive move above $3.1945 could extend gains, while a break below $3.1475 may expose coffee prices to further downside toward $3.0915–$3.1185.
Bullish strength: 65/100
- The contract pierced above $3.1655 after previously failing three times to overcome that resistance.
- The analysis identifies a potential upside target range of $3.2180–$3.2415.
- The report describes the price action as indicating a steady uptrend.
Bearish strength: 35/100
- Resistance at $3.1945 remains a potential barrier to further gains.
- A break below immediate support at $3.1475 could trigger a decline toward $3.0915–$3.1185.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.