International Business Times
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June 29, 2012 5:29 PM EST

HY Markets

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COFFEE Futures close lower due to light profit taking on Thursday. The midrange close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extend this week's rally, the reaction high crossing is the next upside target. If it renews the decline off January's high, weekly support crossing is the next downside target.

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