Markets

Trading Forecast Coffee

Coffee closed higher due to short covering on Monday as it consolidates some of this month's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral to bearish signalling that additional weakness is possible. If it extends this month's decline, the 75% retracement level of August's rally crossing is the next downside 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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