Technical Analysis: US Coffee

Posted by: : Paul EbelingPosted on: August 26, 2014 Technical Analysis: US Coffee
 

Technical Analysis: US Coffee

US Coffee CFD closed lower Monday and the mid-range close set the stage for a steady to higher opening Tuesday.

Stochastics and the RSI are Bullish indicating that sideways to higher prices are possible near term.

If US Coffee extends this month’s rally, the reaction high crossing is the next Northside target.

Closes below the 10-Day MA crossing will confirm that a short term top is in.

Stay tuned…

HeffX-LTN

Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
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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