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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 neutral to bearish signaling that sideways to lower prices are possible near-term. If September resumes the decline off June's high, monthly support crossing at 10.56 is the next downside target. Closes above the 20-day moving average crossing at 11.47 would confirm that a short-term low has been posted.

September cocoa closed higher on Friday while extending the trading range of the past three-weeks. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off June's low, the 50-day moving average crossing at 25.55 is the next upside target. Closes below the reaction low crossing at 23.41 would confirm a downside breakout of the aforementioned trading range.

October sugar closed lower on Friday as it posted a new contract low. The low-range close set the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remains neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off June's high, weekly support crossing at 10.13 is the next downside target. Closes above the 50-day moving average crossing at 12.10 would confirm that a short-term low has been posted.

October cotton closed lower on Friday. The mid-range close sets 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. If October extends Thursday's rally, the 62% retracement level of the June-July decline crossing at 90.73 is the next upside target. Closes below the 10-day moving average crossing at 85.86 would confirm that a short-term top has been posted.

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