Coffee - Daily technical Forecast

19 March 2010 @ 09:41 am EDT

Coffee closed higher on Thursday as it extends the late-winter trading range. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above 13.79 or below 12.83 are needed to confirm a breakout of the aforementioned trading range and point the direction of the next trending move.

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