COFFEE Futures close lower on Thursday and the lowrange close sets the stage for a steady to lower opening on friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this month's rally, July's high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
© Copyright HY Markets All rights reserved.