Coffee Daily Aug 31, 2022

Arabica Coffee (KC) edged lower yesterday consolidating for a 4th straight daily Gravestone or Doji after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…

Coffee Daily Aug 30, 2022

Arabica Coffee (KC) edged lower yesterday consolidating for a third straight Gravestone or Doji after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…

Coffee Daily Aug 29, 2022

Arabica Coffee (KC) edged lower Friday consolidating for a second straight Gravestone or Doji after 3 strong consecutive up days. With KC near the highest level since June, and having decisively broke above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…

Coffee Daily Aug 26, 2022

Arabica Coffee (KC) formed a daily Gravestone yesterday after 3 strong consecutive up days. With KC near the highest level since June, and having decisively broke above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…