717×229

COFFEE Futures close lower on Wednesday as it extends the decline off last September's high. The lowrange close sets the stage for a steady opening to lower on Thursday. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible nearterm. If it extends the decline off January's high, weekly support crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted.