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

July coffee closed lower on Tuesday. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends this month's decline, monthly support crossing at 11.10 is the next downside target. Closes above the 50-day moving average crossing at 11.92 would confirm that a short-term low has been posted.

July cocoa closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off June's low, the 50-day moving average crossing at 26.23 is the next upside target. If July renews the decline off April's high, the 75% retracement level of the December-April-rally crossing at 21.02 is the next downside target.

July sugar closed lower on Tuesday. The mid-range close set the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If July renews the decline off June's high, May's low crossing at 11.12 is the next downside target. If July renews the rally off April's low, the 25% retracement level of the 2016-2018-decline crossing at 13.03 is the next upside target.

July cotton closed limit down on Tuesday and below May's low crossing at 83.36 as it extends this month's decline. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends this month's decline, the late-April low crossing at 81.36 is the next downside target. Closes above the 10-day moving average crossing at 91.82 would confirm that a low has been posted.

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