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FOOD & FIBER https://quotes.ino.com/exchanges/category.html?c=food

December coffee closed higher on Monday as it extends the rally off September's low. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bearish signaling that sideways to higher prices are possible near-term. If December extends the aforementioned rally, the 75% retracement level of the May-September-decline crossing at 122.42 is the next upside target. Closes below the 20-day moving average crossing at 10.52 would confirm that a short-term top has been posted.

December cocoa closed lower on Monday. The mid-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the May-July downtrend line crossing near 22.23 are needed to confirm a low and trend change has taken place. If September resumes the decline off August's high, the December-2017 low crossing at 18.71 is the next downside target.

March sugar closed higher on Monday as it extends the rally off September's low. The high-range close set the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the aforementioned rally, the 38% retracement level of the 2016-2018-decline crossing at 13.86 is the next upside target. Closes below the 20-day moving average crossing at 11.71 would confirm that a short-term top has been posted.

December cotton closed higher on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low, the 50-day moving average crossing at 80.89 is the next upside target. If December resumes decline off July's high, the 62% retracement level of the 2016-2018 rally crossing at 74.00 is the next downside target.

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