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Coffee closed lower on Monday and below the 10-day moving average crossing tempering the near-term friendly outlook. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it renews last week's rally, the reaction high crossing is the next upside target. If it renews this winter's decline, the 75% retracement level of the July-December rally crossing is the next downside target.
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