Technical Analysis: US Coffee | Live Trading News
Technical Analysis: US Coffee
Posted by: : Paul EbelingPosted on: July 17, 2014Technical Analysis: US Coffee
US Coffee CFD closed higher Wednesday renewing the rally off June’s low.
The midrange close set the stage for a steady opening Thursday in the US.
Stochastics and the RSI are Neutral signalling that sideways to higher prices are possible near term. If Coffee renews the rally off June’s low, the reaction high crossing is the next Northside target.
But, sf Sept Coffee renews this year’s decline, weekly support crossing is the next Southside target.
Stay tuned...
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Paul Ebeling
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Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.
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Technical Analysis: US Coffee | Live Trading News
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