795×268

US COFFEE CFD close higher due to short covering on Friday as it consolidates some of this month's decline. The midrange close sets the stage for a steady opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month's decline, September's low crossing is the next downside target.

Copyright HY Markets All rights reserved.