Trading Forecast Coffee Market closed higher on Thursday : Coffee closed higher on Thursday as it extends this winter's rally. The high-range close sets the stage for a steady to higher
opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to
higher prices are possible near-term.
If it extends this winter's rally, monthly resistance crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a top has been posted.
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