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….
Arabica Coffee (KC) rebounded nearly 3.5% yesterday, reversing most of Wednesday’s strong profittaking. With October’s close near its high around/above the September, August and July highs, KC is poised to resume its rebound off just above the 2023 low…
Arabica Coffee (KC) slid a near massive 4.5% yesterday, reversing most of Tuesday’s strong gains. Nevertheless, with October closing near its high around/above the September, August and July highs, KC remains poised to resume its 2 week plus rebound off just above the 2023 low…
Arabica Coffee (KC) rebounded a massive 5% plus yesterday, closing October near its high around/above the September, August and July highs. KC is resuming its 2 week plus rebound off just above the 2023 low as it retests downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) slid another 1% plus yesterday, but may soon be halting the healthy profittaking from last week’s high as hinted by yesterday’s daily Doji and the weekly Doji trying to form. Odds are moderate for a resumption by late week of the 2 week plus rebound off just above the 2023 low and for a retest of downchannel resistance (on the weekly chart)…
