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FOOD & FIBER https://quotes.ino.com/exchanges/category.html?c=food

September coffee closed lower on Friday as it extends this year's decline. The mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off June's high, monthly support crossing at 9.39 is the next downside target. Closes above the 20-day moving average crossing at 10.77 would confirm that a short-term low has been posted.

September cocoa closed slightly higher on Friday as it extends the trading range of the past two-weeks. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. If September resumes this summer's decline, the 87% retracement level of the December-April-rally crossing at 19.86 is the next downside target. Closes above the 20-day moving average crossing at 21.44 are needed to confirm that a short-term low has been posted.

October sugar closed lower on Friday as it extends this summer's decline. The low-range close set the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain 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 9.83 is the next downside target. Multiple closes above last-Monday's high crossing at 11.13 are needed to confirm that a short-term low has been posted.

October cotton closed lower on Friday. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. If October extends decline off July's high, the 50% retracement level of the 2016-2018 rally crossing at 78.35 is the next downside target. Closes above the 50-day moving average crossing at 87.43 would confirm that a short-term low has been posted.

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