LONDON Nov 28 (Reuters) - ICE raw sugar, cocoa and arabica coffee futures edged higher in early trade on Monday, taking a breather following last week's sell-off, supported by a weaker dollar and hope of progress to euro zone talks on how to address the debt crisis. SUGAR * ICE raw sugar futures hovered above last week's 5-1/2 month low, under pressure from large northern hemisphere crops and risk averse investor sentiment. * Benchmark March futures traded up 0.28 cent or 1.2 percent at 23.18 cents a lb at 0901 GMT. The front month fell to 22.71 cents last week, the lowest level since June. * A bearish target at 22.23 cents per lb has been established for New York sugar, as indicated by its wave pattern and a Fibonacci projection analysis, according to Reuters analyst Wang Tao. * March white sugar futures on Liffe rose $5.90 or 1 percent to $604.00 per tonne, after dipping to $598.00 on Friday, the lowest level on the front month since May. COCOA * ICE cocoa prices rose inline with steadier commodity markets, bouncing off last week's two-and-a-half-year low, with a pick up in cocoa arrivals from top producer Ivory Coast capping gains. * Cocoa arrivals at ports in top grower Ivory Coast reached around 342,975 tonnes by Nov 27, exporters estimated on Monday, compared with 348,131 tonnes in the same period of the previous season. * March cocoa on ICE was up $35, or 1.5 percent, at $2,416 a tonne, after falling to $2,378, the lowest level for the second month since May 2009. * New York cocoa CCc2 will fall to $2,285 per tonne, as a downtrend is firm towards this 261.8 percent Fibonacci projection level, according to Reuters analyst Wang Tao. COFFEE * Arabica coffee prices were also slightly higher, remaining vulnerable to outside factors, as the euro zone crisis continued to weigh on the commodities complex. * March arabica coffee on ICE traded up 0.95 cent or 0.4 percent at $2.3350 a lb. * January robusta coffee on Liffe was up $38 at $1,928 a tonne. * A bearish target at $2.2750 per lb has been established for New York coffee as indicated by its wave pattern and a Fibonacci projection analysis, according to Reuters analyst Wang Tao. MARKET NEWS * World stocks rose from last week's 7-week low on Monday as hopes grew euro zone leaders would unveil fresh measures to resolve the two-year-old debt crisis, while caution ahead of next week's key summit kept the euro and German yields under pressure. * The euro rose on Monday after an Italian newspaper said the International Monetary Fund was preparing an aid package for Italy, but doubts about the feasibility of the reported plan helped limit its gains. * Brent crude rose more than $1 toward $108 a barrel on Monday as concerns of a supply disruption from the Middle East overshadowed worries about oil demand growth, with the economic outlook for the euro zone worsening. (Reporting by Sarah McFarlane; editing by Jason Neely)

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