Markets

Trading Forecast Coffee

Coffee closed lower on Thursday and the low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. If it the decline off May's low, the reaction crossing is the next downside target. If July renews the rally off this month's low, the reaction 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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