Arabica Coffee (KC) rebounded more than 2.5% Friday, making progress in halting the slide since the April high. As KC finds support near its February high and rebounds to the 4hr chart downchannel resistance, KC appears less likely to test the weekly chart upchannel support in May than it would be to reclaim the psychologically key 2 whole figure level in the same period…
Arabica Coffee (KC) slid almost 1.5% yesterday, with the red weekly Doji suggesting moderate risk of testing by next week sometime, the weekly chart upchannel support. Conversely if KC finds support near its February high and rebounds before the weekend above the 4hr chart downhannel resistance, odds will dramatically increase of reclaiming the psychologically key 2 whole figure level in the week after…
Arabica Coffee (KC) edged lower yesterday, with the still green weekly Doji showing early signs of halting the consolidation from the April high. Although KC may see a bit more profittaking in the next day or so, KC is trying to find support near its February high….
Arabica Coffee (KC) edged higher yesterday, showing early signs of halting the consolidation from the April high. KC should continue firming in the next day or so, as it appears to be finding support near its February high…
Arabica Coffee (KC) edged lower yesterday, continuing the consolidation from the April high. KC should be firming in the next day or so, as it appears to be finding support near its February high….
Arabica Coffee (KC) slid more than 1% Friday, closing further below triangle support (on the 4hr chart). KC appears to want to consolidate another few days following last week’s high…
Arabica Coffee (KC) slid more than 1.5% yesterday, closing below triangle support (on the 4hr chart). KC appears to want to further consolidate next week following last week’s high….
Arabica Coffee (KC) rebounded more than 1.5% yesterday, and appears to be in the advanced stages of its consolidation following last week’s high. Although KC closed yesterday below upchannel support (on the daily chart), it remains near the February high…
Arabica Coffee (KC) slid more than 2.5% yesterday, breaking below upchannel support (on the 4hr and daily chart) and closing near the February high. With the current weekly Gravestone failing to reclaim the psychologically key 2 whole figure level, odds are increasing for a further swing from Wednesday’s fresh 2023 high to upchannel support (on the weekly chart) by early May…
Arabica Coffee (KC) edged up 1% plus yesterday, firming near the February high. Any decisive bounce off upchannel support (on the 4hr and daily chart) in the next day or so would likely coincide with a retest of the psychologically key 2 whole figure level…
