Coffee closed lower on Thursday as it extended this week's decline below the 20-day moving average. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, February's low crossing is the next downside target. Closes above the 20-day moving average crossing would temper the near-term bearish outlook.