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Coffee Technical Daily Outlook

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COFFEE Futures close higher due to short covering on Monday and the lowrange close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain neutral to bearish signalling that additional weakness is possible. If it extends the decline off July's high, June's low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.

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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