Coffee Daily Feb 22, 2023

Arabica Coffee (KC) tacked on another 2% plus yesterday, breaking briefly above ascending wedge resistance (on the daily chart). Nevertheless, KC is likely to see healthy consolidation in the next day or so as it catches its breath after reclaiming the July low, and is bumping up against what could become downchannel resistance (on the weekly chart)…

Coffee Daily Feb 20, 2023

Arabica Coffee (KC) surged almost 4.5% Friday, closing above ascending triangle resistance (on the 4hr chart). With Friday’s fresh February high, KC is extending a Bull Flag (on the weekly chart), and is now moderately likely to test the psychologically key 2 whole figure level by month end…