Arabica Coffee (KC) slid almost 1% yesterday, but should be firming in the next day or so with last week’s halting of the slide from the April high. Any break before the weekend above triangle resistance (on the daily chart) will dramatically increase the likelihood of a test of the psychologically key 2 whole figure level and the May high before month end…
Arabica Coffee (KC) slid almost 1.5% yesterday on profittaking, but appears nevertheless to have halted the slide from the April high. A test of the weekly chart upchannel support before month end is now less likely than a reclaiming of the psychologically key 2 whole figure level and the May high during the same period…
Arabica Coffee (KC) surged almost 3% Friday, halting the slide from the April high. A test of the weekly chart upchannel support sometime this week is now less likely than a reclaiming of the psychologically key 2 whole figure level and the May high before month end…
Arabica Coffee (KC) edged higher yesterday, closing at the 4hr chart downtrend resistance. KC does not appear to have much more downside in its slide from the April high given yesterday’s second straight daily Hammer…
Arabica Coffee (KC) edged lower yesterday but does not appear to have much more downside in its slide from the April high given yesterday’s daily Hammer. Regardless of Tuesday’s break above the 4hr chart downtrend resistance, odds are slightly higher for a test of the weekly chart upchannel support by sometime next week than it is for a reclaiming of the psychologically key 2 whole figure level and the May high before month end…
Arabica Coffee (KC) saw a near 1.5% pullback yesterday, consolidating the break Monday above the 4hr chart downchannel resistance. Nevertheless, KC appears to have halted the slide since the April high and remains poised for a test of the May high before month end…
Arabica Coffee (KC) bounced more than 3.5% yesterday, closing comfortably above the 4hr chart downchannel resistance. KC appears to have halted the slide since the April high and is suddenly near the May high….
Arabica Coffee (KC) edged lower Friday, getting rejected at the 4hr chart downchannel resistance. KC is increasingly vulnerable to extending the slide since the April high. In the unlikely event that KC breaks above the May high today, odds would dramatically increase for a reclaiming of the psychologically key 2 whole figure level sometime in May…
Arabica Coffee (KC) slid more than 1.5% yesterday, getting rejected at the 4hr chart downchannel resistance. KC is increasingly vulnerable to extending the slide since the April high. In the unlikely event that KC breaks above the May high today, odds would dramatically increase for a reclaiming of the psychologically key 2 whole figure level sometime in May…
Arabica Coffee (KC) edged lower yesterday, closing just below the 4hr chart downchannel resistance. RC is once again somewhat vulnerable to extending the slide since the April high…
