718×226

COFFEE Futures close slightly lower due to light profit taking on Wednesday. The lowrange close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extend this week's rally, the reaction high crossing is the next upside target. If it renews the decline off January's high, weekly support crossing is the next downside target.