Coffee Technical Daily Outlook 9/21

By International Business Times,  September 21, 2012, 04:28:37 AM EDT

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COFFEE Futures close lower on Thursday and the lowrange close sets the stage for a steady to lower opening on friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this month's rally, July's high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.

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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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