Coffee Technical Daily Outlook 9/07

By Roger Baettig | September 07 2012 3:47 AM

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COFFEE Futures close lower on Thursday and midrange close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. If September extends this week's decline, June's low crossing is the next downside target.

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