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Coffee closes below 20-day moving average

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Coffee closed lower on Tuesday and below the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Wednesday.


Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term.


Multiple closes below the 20-day moving average crossing would confirm that a short-term top has been posted.

MCX GOLD.995 05 June 2012 contract was trading at Rs 28259 , up Rs. 139 . What's your view on it?
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