Arabica Coffee (KC) edged more than 0.5% lower yesterday with its red daily Gravestone/Doji after briefly bumping against the July low. Nevertheless, the slide from the April high is in its mid-advanced stages, with a decent probability for more short covering going into early next week…
Arabica Coffee (KC) gained almost 1.5% yesterday, closing just under the July low. The slide from the April high is now exhausting with a high probability for more short covering going into the weekend…
Arabica Coffee (KC) formed a 4th straight daily Doji yesterday, hesitating just under the July low. Although the slide from the April high may be exhausting with a moderate probability for short covering this week, KC remains vulnerable to testing the August low by month end with KC still below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) formed a 3rd straight daily Doji yesterday, hesitating just under the July low. Although the slide from the April high may be exhausting with a moderate probability for short covering this week, KC remains vulnerable to testing the August low by month end with KC still below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) formed a red daily Doji Friday, hesitating just under the July low. Although the slide from the April high may be exhausting with a moderate probability for short covering going into mid week, KC remains vulnerable to testing the 2023 low by late week with KC still below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)….
Arabica Coffee (KC) formed a daily Doji yesterday after bumping up against the July low. Although the slide from the April high may be exhausting with a moderate probability for further short covering going into early next week, KC remains vulnerable to testing the 2023 low by late next week with KC still below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) rebounded more than 2.5% yesterday off just above the psychologically key 1.50 whole figure level. Although the slide from the April high may be exhausting with a moderate probability for further short covering in the next few days, KC remains vulnerable to testing the 2023 low by next week with KC still below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) slid more than 0.5% yesterday, closing just above the psychologically key 1.50 whole figure level. Although the slide from the August high may be exhausting with a moderate probability for short covering in the next few days, KC remains vulnerable to testing the 2023 low by next week with KC firmly below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) formed a daily Gravestone yesterday, briefly reclaiming the prior downchannel support (on the daily chart), suggesting the slide from the August high may be exhausting. Nevertheless, despite the moderate probability for further short covering in the next few days, KC remains vulnerable to testing the 2023 low by next week…
Arabica Coffee (KC) edged higher Friday with the 4th straight daily Doji/Hammer near downtrend support (on the daily chart) suggesting the slide from the August high may be exhausting. Nevertheless, despite the moderate probability for short covering early this week, KC remains vulnerable to testing the 2023 low by late week…
