International Business Times
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October 29, 2012 7:54 PM EST

HY Markets

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US COFFEE CFD close lower on Friday and the lowrange close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If it renews this month's decline, June's low crossing is the next downside target.

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