May coffee closed higher due to short covering on Tuesday as it consolidated some of Monday's decline. The high-range close sets the stage for a steady to higher opening on Wednesday, as additional short covering gains are possible. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends last week's rally, April's high crossing at 12.030 is the next upside target. Closes below today's low crossing at 11.400 would temper the friendly outlook.

May cocoa posted an inside day with a higher close on Tuesday as it consolidated some of Monday's decline. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 24.98 are needed to confirm that a short-term low has been posted. If May extends this Monday's decline, March's low crossing at 21.98 is the next downside target.

May sugar posted an inside day with a higher close on Tuesday. The high-range close set 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 May extends this month's rally, the reaction high crossing at 14.92 is the next upside target. Closes below the 20-day moving average crossing at 13.01 would confirm that a short-term top has been posted.

May cotton closed slightly higher on Tuesday as it extends the rally off March's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If May extends this month's rally, January's high crossing at 52.47 is the next upside target. Closes below the 20-day moving average crossing at 48.70 would confirm that a short-term top has been posted.

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