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FOOD & FIBER

December coffee closed higher on Friday. The high-range close set the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, August's high crossing at 21.11 is the next upside target. Closes below the reaction low crossing at 18.28 would confirm that a short-term top has been posted.

December cocoa closed slightly higher on Friday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews this year's rally, monthly resistance crossing at 33.30 is the next upside target. Close below the reaction low crossing at 31.84 would confirm that a top has been posted.

October sugar closed lower on Friday. The low-range close set the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends this summer's decline, weekly support crossing at 14.70 is the next downside target. Closes above the 20-day moving average crossing at 15.86 would confirm that a low has been posted.

December cotton closed slightly lower on Friday as it consolidates some of August's rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 65.08 are needed to confirm that a short-term top has been posted. If December extends this month's rally, the reaction high crossing at 69.14 is the next upside target.

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