Monday, February 14, 2011

Trading Forecast Coffee

Trading Forecast Coffee ; Coffee closed lower on Friday as it consolidates some of this winter's rally. The high-range close sets the stage for a steady to higher opening on Monday.

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.
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