New York coffee may extend loss into $2.7225-$2.7610 range

By Reuters News08:54 (UTC), 5 November 2026 Updated

SINGAPORE, Nov 5 (Reuters) - New York December coffee may extend loss into a range of $2.7225-$2.7610 per lb, as suggested by a projection analysis.

The contract has briefly pierced below a support at $2.7850, the 223.6% projection level of a downtrend from $3.1485. The bounce triggered by the support looks weak, limited to $2.8230.

The consolidation in the range of $2.7850-$2.8230 is likely turn to out to be a bearish continuation pattern, unless the market breaks $2.8230.

The break would lead to a gain into a $2.8615-$2.8855 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. His analyses are exclusively published on the Workspace platform - a London Stock Exchange product.

** 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.