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Coffee posted an inside day with a higher close on Wednesday as it consolidates above the 62% retracement level of the July-December rally crossing. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it renews this winter's decline, the 75% retracement level of the July-December rally crossing is the next downside target.