#COMMODITIES : US Coffee CFD closed lower on Thursday. The - TopicsExpress

#COMMODITIES : US Coffee CFD closed lower on Thursday. The low-range close set the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If it extends the rally off Novembers low, the 75% retracement level of the 2011-2013-decline crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.

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