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Coffee closed higher on Wednesday while extending the trading range of the past five weeks. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bullish signalling 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.