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July coffee closed slightly higher on Thursday. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 14.27 would signal that a short-term top has been posted. If July extends the rally off March's low, the November-2016 high crossing at 17.60 is the next upside target.

July cocoa closed lower on Thursday as it consolidated some of this month's rally. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends this month's rally, the March 11th high crossing at 26.21 is the next upside target. Closes below the 10-day moving average crossing at 24.34 would signal that a short-term top has been posted.

July sugar closed sharply lower on Thursday due to profit taking. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 17.15 would signal that a short-term top has been posted. If July extends the rally off March's low, long-term resistance on the monthly continuation chart crossing at 18.42 is the next upside target.

July cotton closed sharply lower on Thursday and below the 50-day moving average crossing at 85.72 signaling that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends today's decline, the April 13th low crossing at 81.20 is the next downside target. Closes above Wednesday's high crossing at 89.74 would signal that a short-term low has been posted.