Coffee closed sharply higher on Friday while extending the trading range of the past four weeks. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bullish with today's rally signaling that sideways to higher prices are possible near-term. If it renews this winter's rally, monthly resistance crossing is the next upside target. Closes below the reaction low crossing are needed to confirm that a top has been posted.