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September coffee closed sharply higher on Wednesday as it consolidated some of the decline off last-Wednesday's high. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible. Closes above last-Wednesday's high crossing at $23.71 would temper the bearish outlook. If September extends this week's decline, the May 24th low crossing at $21.14 is the next downside target. First resistance is last-Wednesday's high crossing at $23.71. Second resistance is June's high crossing at 24.18. First support is the May 24th low crossing at $21.14. Second support is May's low crossing at $20.24.

September cocoa close lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI have turned neutral to bearish signaling sideways to lower prices are possible near-term. If September renews the decline off April's high, the November-2020 low crossing at 22.75 is the next downside target. If September resumes the rally off June's low, the 50-day moving average crossing at 24.91 is the next upside target.

October sugar closed slightly higher on Wednesday as it consolidates some of the decline off May's high. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold and remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off May's high, the February 28th low crossing at 17.57 is the next downside target. Closes above the 20-day moving average crossing at 18.91 would confirm that a short-term low has been posted.

October cotton posted an inside day with a higher close on Wednesday as it consolidated some of this month's decline. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off May's high, the 50% retracement level of the 2020-2022 rally crossing at 97.77 is the next downside target. Closes above last-Thursday's gap crossing at 114.66 would signal that a short-term low has been posted.