Markets

Coffee Technical Analysis

(IBTimes) - "718×228"

COFFEE Futures close lower on Friday and the lowrange close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible nearterm. If it extends the decline off January's high, weekly support crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a shortterm low has been posted.

Original Source: http://www.ibtimes.com/articles/340599/20120514/coffee-technical-analysis.htm

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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 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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