Arabica Coffee (KC) edged up more than 1% yesterday, but remains vulnerable to more healthy profittaking by early next week to upchannel support (on the 4hr and daily chart). Regardless of there having only been one red daily candle in the last 15 days, odds are fairly elevated for the current consolidation to find support at the psychologically key 1.70 whole figure level…
Arabica Coffee (KC) slid more than 3% yesterday, producing the first red daily candle in 14 days. Odds are elevated for the healthy profittaking to deepen before the weekend with the rejection yesterday at the 38.2% Fib retrace of the February to January slide, and descending wedge resistance (on the weekly chart)…
Arabica Coffee (KC) surged a massive 6.5% plus yesterday, gaining for a 13th straight day. Odds are elevated for some healthy profittaking to kick in before the weekend as KC bumps up against the 38.2% Fib retrace of the February to January slide…
Arabica Coffee (KC) edged up yesterday, gaining for a 12th straight day. Although becoming overbought on the 4hr chart, with KC comfortably above the weekly chart descending wedge resistance, KC is moderately likey to test before the weekend the December high and the psychologically key 1.75 whole figure level…
Arabica Coffee (KC) surged more than 1.5% yesterday, gaining for a 11th straight day. With the decisive weekly close above the weekly chart descending wedge resistance, KC is moderately likely to test early week, the December high and the psychologically key 1.75 whole figure level…
Arabica Coffee (KC) surged almost 3% yesterday, gaining for a 10th straight day. With the decisive break this week of the weekly chart descending wedge resistance, KC is likely to test by next week sometime, the December high and the psychologically key 1.75 whole figure level…
Arabica Coffee (KC) surged more than 1.5% yesterday, gaining for a 9th straight day. A weekly close above the weekly chart descending wedge resistance is likely, and would dramatically increase odds of a test of the December high and the psychologically key 1.75 whole figure level in the week after…
Arabica Coffee (KC) is likely to hesitate in the next day or so as hinted by yesterday’s daily Doji and 8th straight green daily candle. Any weekly close above the weekly chart descending wedge resistance will dramatically odds of a test of the December high in the week after…
Arabica Coffee (KC) gained another near 2.5% yesterday, extending the bounce that began a bit more than a week ago off a fresh 2023 low. With KC’s daily close yesterday above the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58), there are now elevated odds of a test of the January high by month end…
Arabica Coffee (KC) edged higher Friday, consolidating the bounce that began a bit more than a week ago off a fresh 2023 low. A daily close this week above the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58) is likely, and would dramatically increase the odds of a test of the January high by month end…
