
Arabica Coffee (KC) bounced nearly 2.5% yesterday, gaining for a second day off the May low. KC has suddenly reclaimed upchannel support (on the weekly chart), and is increasingly likely to test downchannel resistance (on the daily chart) by next week sometime, with the original point of breakout in April above a prior triangle/downtrend resistance (on the weekly chart) serving as key support and reducing the likelihood of a further slide from the April high in the next week to the March low…