May coffee closed down 575 points at 181.60 cents. Prices closed near the session low yesterday and gave back over half of Tuesday's solid gains. The key "outside markets" were bearish for the coffee market yesterday, as the U.S. dollar index was firmer and crude oil prices were sharply lower. Coffee prices are still in a seven-month-old downtrend on the daily bar chart. The bears have the overall near-term technical advantage. The coffee bulls' next upside breakout objective is to close prices above solid technical resistance at 190.00 cents. The next downside price breakout objective for the bears is closing prices below solid technical support at last week's low of 174.45 cents a pound. First resistance is seen at 185.00 cents and then at last week's high of 188.45 cents. First support is seen at 180.00 cents and then at this week's low of 177.70 cents.