Coffee closed higher on Wednesday as it extends the rally off last week's low. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to renew the rally off April's low. If it renews last week's decline, the reaction low crossing is the next downside target.
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