Arabica Coffee (KC) edged more than 1% yesterday, retesting Monday’s fresh 2024 intraday high. With last week’s decisive break above the weekly chart Bull Flag consolidation resistance since late December, and KC in the advanced stages of consolidating near the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any further profittaking this week would be orderly and unlikely to reverse back to the psychologically key 2 whole figure level…
Arabica Coffee (KC) gained more than 1% yesterday, closing just shy of Monday’s fresh 2024 intraday high. With last week’s decisive break above the weekly chart Bull Flag consolidation resistance since late December, and KC pulling back from the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any further profittaking this week would be orderly and unlikely to reverse back to the psychologically key 2 whole figure level…
Arabica Coffee (KC) slid more than 0.5% yesterday on healthy profittaking from a fresh 2024 intraday high. With last week’s decisive break above the weekly chart Bull Flag consolidation resistance since late December, and KC pulling back from the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any further profittaking this week would be orderly and unlikely to reverse back to the psychologically key 2 whole figure level…
Arabica Coffee (KC) surged more than 2.5% Friday to a fresh 2024 high. With last week’s decisive break above the weekly chart Bull Flag consolidation resistance since late December, and at the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any profittaking early week would be healthy and unlikely to reverse back to the psychologically key 2 whole figure level…
Arabica Coffee (KC) edged higher yesterday with its daily Hammer, closing near a fresh 2024 high. With this week’s decisive break above the weekly chart Bull Flag consolidation resistance since late December, and at the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any profittaking going into early next week would be healthy and likely to find strong support on any dip back to the psychologically key 2 whole figure level…
Arabica Coffee (KC) soared nearly 3% yesterday, closing at a fresh 2024 high. With yesterday’s intraday high above the weekly chart Bull Flag consolidation resistance since late December, and at the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any profittaking today would be healthy and likely to find strong support on any dip back to the psychologically key 2 whole figure level…
Arabica Coffee (KC) soared more than 3% yesterday, closing at a fresh 2024 high. KC has broken above the weekly chart Bull Flag consolidation resistance since late December, and is poised to reclaim the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level by next week sometime…
Arabica Coffee (KC) rebounded more than 1.5% yesterday on the first day of Q2 after reopening from the Good Friday long weekend. KC is well positioned to complete the weekly chart Bull Flag consolidation since late December by next week…
New York Cocoa (CC) surged more than 3.5% higher yesterday to a fresh 2024 and record high. Although CC is trying to form its 4th straight green weekly candle to start Q2, CC is vulnerable to healthy consolidation this week as it bumps against the daily chart uptrend resistance and upchannel resistance (on the 4hr chart)…
Arabica Coffee (KC) slid nearly 1% Thursday on healthy profittaking ahead of the Good Friday long weekend and end of Q1. Nevertheless, KC is well positioned to complete the weekly chart Bull Flag consolidation since late December by mid April…
