"801×268"

COFFEE Futures closed lower on Tuesday as it consolidates below the 20day moving average. The lowrange close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible. If it renews last week's decline, the reaction low crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.