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Coffee Technical Analysis

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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 neutral to bearish hinting that a shortterm top might be in or is near. Closes below the 20day moving average crossing would temper the nearterm friendly outlook. If it extend the rally off June's low, April'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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