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March coffee closed lower on Tuesday as it extends the decline off October's high. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off October's high, September's low crossing at 9.86 is the next downside target. Closes above the 20-day moving average crossing at 10.73 would confirm that a short-term low has been posted.

March cocoa closed higher on Tuesday as it extends the rally off December's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, November's high crossing at 24.10 is the next upside target. Closes below the 20-day moving average crossing at 21.75 would confirm that a short-term top has been posted.

March sugar closed lower on Tuesday. The low-range close set the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off October's high, the reaction low crossing at 11.91 is the next downside target. Closes above the 50-day moving average crossing at 13.01 would confirm that a low has been posted.

March cotton closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower possible near-term. If March extends this week's decline, November's low crossing at 77.18 is the next downside target. Closes above the 10-day moving average crossing at 79.57 would confirm that a short-term low has been posted.

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