(Bloomberg) -- Robusta coffee may snap two days of gains in London on speculation that technical indicators show the rally was overdone.
Coffee's 14-day relative strength index, a chart used by traders to measure the momentum of price movements, rose to 64.1, from 63.7 yesterday. A reading of about 70 typically signals prices will decline. That may override the impact of lower shipments from Vietnam, the world's biggest producer of the bitter-tasting beans.
Read more at Bloomberg Commodities News
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