Markets

Coffee - Daily technical Forecast

Coffee closed lower on Tuesday as it extends the decline off last week's high. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible near-term. Closes below the reaction low crossing would confirm that a top has been posted. If renews last week's rally, June's high crossing is the next upside target.

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


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

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