Coffee closed higher due to short covering on Tuesday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it renews last week's decline, the reaction low crossing is the next downside target. Closes above the reaction high crossing are needed to renew the rally off April's low.