Coffee - Daily technical Forecast

15 March 2010 @ 09:57 am EDT

Coffee closed lower on Friday and below the 20-day moving average crossing confirming that a short-term low has been posted. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends last week's rally, the reaction high crossing is the next upside target.

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