Coffee gapped up and closed above the 10-day moving average crossing on Friday confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, this month's high crossing is the next upside target. Closes below Wednesday's low crossing would confirm that a top has been posted.
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