Coffee closed lower on Wednesday as it extended yesterday's breakout below the 20-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, July's low crossing is the next downside target. Closes above the 10-day moving average crossing would temper the bearish outlook.