Coffee - Daily technical Forecast

By IBTimes Staff Reporter | July 26 2010 2:28 AM

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Coffee closed higher on Friday and has renewed the trading range of the past four weeks. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral signalling that sideways trading is possible near-term. From a broad perspective, it needs to close above or below to clear up near-term direction in the market.

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