Arabica Coffee (KC) edged lower Friday with a red daily Doji, closing the week decisively below the psychologically key 1.5 whole figure level around the 2023 low. KC is vulnerable to a retest sometime this week of the weekly chart downtrend support (connecting the March and August lows)…
Category: Coffee Daily
Coffee Daily Sep 29, 2023
Arabica Coffee (KC) slid more than 1% yesterday, testing the August and September lows and closing below the psychologically key 1.5 whole figure level. KC is vulnerable to a retest by next week of the weekly chart downtrend support (connecting the March and August lows)…
Coffee Daily Sep 28, 2023
Arabica Coffee (KC) slid more than 1% yesterday, testing the August and September lows and closing back below the psychologically key 1.5 whole figure level. KC is trying to halt its slide from the September high, but remains moderately vulnerable to a retest by month end of the weekly chart downtrend support (connecting the March and August lows)…
Coffee Daily Sep 27, 2023
Arabica Coffee (KC) bounced more than 1% yesterday, closing just above the psychologically key 1.5 whole figure level and August and September lows. KC is trying to halt its slide from the September high, but remains moderately vulnerable to a retest by month end of the weekly chart downtrend support (connecting the March and August lows)…
Coffee Daily Sep 26, 2023
Arabica Coffee (KC) slid more than 1.5% yesterday in its 4th straight red daily candle. KC is suddenly back to near its August and September lows. With yesterday’s break below the psychologically key 1.5 whole figure level, KC is now suddenly once again vulnerable to a retest by month end of the weekly chart downtrend support (connecting the March and August lows)…
Coffee Daily Sep 25, 2023
Arabica Coffee (KC) slid more than 2% Friday, with last week’s rejection near the July and August highs sending it back to near the psychologically key 1.5 whole figure level. KC is now suddenly once again appearing vulnerable to an extension of the downtrend since the April high…
Coffee Daily Sep 22, 2023
Arabica Coffee (KC) slid more than 2% yesterday, with the weekly Gravestone having been rejected near the July and August highs. KC has now given up half of the bounce that began last week off just above the September low…
Coffee Daily Sep 21, 2023
Arabica Coffee (KC) slid more than 1.5% yesterday, with the weekly Gravestone having been rejected near the July and August highs. Further healthy consolidation is likely for the balance of the week after the strong bounce off just above the September low…
Coffee Daily Sep 20, 2023
Arabica Coffee (KC) formed a daily Gravestone yesterday, suggesting elevated odds for healthy consolidation for the balance of the week after the strong bounce off just above the September low. KC is now likely to form a higher September high versus the August high, and to test descending resistance (connecting the April and June highs on the weekly chart) by April…
Coffee Daily Sep 19, 2023
Arabica Coffee (KC) edged higher yesterday, adding to the bounce off just above the September low. Last week’s decisive break above descending wedge resistance (on the weekly chart) ended the slide since April…