Coffee Technical Analysis 10/25

By International Business Times,  October 25, 2012, 04:11:53 AM EDT

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US COFFEE CFD close lower on Wednesday and the lowrange close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If it renews this month's decline, September's low crossing is the next downside target.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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