Coffee closed higher on Wednesday and spiked above resistance marked by June's high crossing before profit taking tempered early session gains. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near-term. If its extends this week's rally, the 50% retracement level of the 2008-2009-decline crossing is the next upside target.
Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.