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 HY Markets Products - Coffee
Market Commentary Friday 03 September 2010
 
 
COFFEE
 
Coffee closed higher on Thursday as it extends this week's rally above the 10-day moving average. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If it extends this rally, August's high crossing is the next upside target. Closes below last Wednesday's low crossing would confirm that a top has been posted.

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