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FOOD & FIBER https://quotes.ino.com/exchanges/category.html?c=food
September coffee closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 9.55 would confirm that a short-term low has been posted. If September extends the decline off July's high, weekly support crossing at 8.76 is the next downside target.
September cocoa closed higher on Friday as it consolidates some of the decline off July's high. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bullish signaling sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 22.27 are needed to confirm that a short-term low has been posted. If September resumes the decline off July's high, last-October's low crossing at 20.63 is the next downside target.
October sugar closed lower on Friday. The low-range close set the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 11.71 would confirm that a low has been posted. If October extends the decline off June's high, weekly support crossing at 10.80 is the next downside target.
December cotton closed lower on Friday. The low-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews this year's decline, monthly support crossing at 54.38 is the next downside target. Closes above the 20-day moving average crossing at 60.00 are needed to confirm that a low has been posted.