Markets

Coffee - Daily technical Forecast

Coffee closed higher on Friday and posted a new high for the year. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends this year's rally, monthly resistance crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term friendly outlook.

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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