New York coffee may fall into $2.6915 - $2.7265 range

New York December coffee may fall into a range of $2.6915-$2.7265 per lb, as it has broken a support at $2.7560. The break confirmed a bearish expanding wedge and the target zone. The wedge indicates a target of $2.6915 as well. The downside may not be limited to this level, as based on the preceding fall from $2.9275, the market may slide to $2.5880. A break above $2.7835 may lead to a gain into $2.8105-$2.8365 range.