Markets

Coffee - Daily technical Forecast

Coffee closed higher on Tuesday as it consolidates above the 20-day moving average crossing. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it renews this year's rally, monthly resistance 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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