Coffee Technical Daily Outlook 9/11

By Roger Baettig | September 11 2012 3:51 AM

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COFFEE Futures close sharply higher on Monday and the highrange close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends today's rally, the reaction high crossing is the next upside target. Closes below last Thursday's low crossing would renew the decline off July's high and open the door for a test of June's low.

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