Arabica Coffee (KC) surged 4% plus yesterday, closing just below downchannel resistance (on the weekly chart) and the 61.8% Fib retrace of its slide from its 2023 high (formed April). Regardless of another day or so of healthy profittaking, with yesterday’s reclaiming of the psychologically key 175 whole figure level, KC remains moderately likely to retest the 2023 high by year end…
Arabica Coffee (KC) gave back nearly 3% Friday on healthy profittaking, closing the week with a red weekly Gravestone that failed to hold above downchannel resistance (on the weekly chart) and the 61.8% Fib retrace of its slide from its 2023 high (formed April). Nevertheless, after what will likely be another day or so of weakness, odds remain elevated for KC to firm and to attempt a reclaim of the psychologically key 175 whole figure level by late week…
Arabica Coffee (KC) gave back more than 2.5% yesterday on healthy profittaking, closing just above the psychologically key 175 whole figure level. Regardless of yesterday’s slide back below downchannel resistance (on the weekly chart) and the 61.8% Fib retrace of its slide from its 2023 high (formed April), KC remains moderately likely to retest the 2023 high by year end…
Arabica Coffee (KC) rebounded nearly 2.5% yesterday from the psychologically key 175 whole figure level. With yesterday’s break above downchannel resistance (on the weekly chart), KC is now back above the 61.8% Fib retrace of its slide from its 2023 high (formed April)…
Arabica Coffee (KC) slid more than 1% yesterday on healthy profittaking back to just above the psychologically key 175 whole figure level. Nevertheless, odds remain decent for a weekly close above downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) rebounded more than 2% yesterday closing comfortably back above the psychologically 175 whole figure level and at downchannel resistance (on the weekly chart). With KC having reclaimed the 61.8% Fib retrace of its slide from its 2023 high (formed April), it is moderately likely to retest the 2023 high by year end…
Arabica Coffee (KC) slid more than 2% Friday on healthy consolidation after briefly breaking above the psychologically 175 whole figure level and downchannel resistance (on the weekly chart). With KC near the 61.8% Fib retrace of its slide from its 2023 high (formed April), it is likely to retest the 2023 high by January sometime…
Arabica Coffee (KC) surged more than 1% yesterday, closing comfortably above the psychologically 175 whole figure level and at downchannel resistance (on the weekly chart). With KC having reclaimed the 61.8% Fib retrace of its slide from its 2023 high (formed April), it is moderately likely to retest the 2023 high before month end…
Arabica Coffee (KC) bounced more than 2% yesterday, closing just above the psychologically 175 whole figure level. Odds are decent for a weekly close above downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) surged more than 1.5% yesterday, closing just shy of the psychologically 175 whole figure level. KC has retraced more than half of its slide from its 2023 high (formed April) and is poised to test a redrawn downchannel resistance (on the weekly chart) this week….
