Arabica Coffee (KC) slid a massive more than 5.5% yesterday, closing below descending wedge/downtrend support (on the weekly chart) after getting rejected at descending wedge resistance (on the daily chart). Although KC dipped yesterday slightly below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58), KC appears to have overshot to the downside with decent odds for a rebound above downtrend resistance (on the 4hr chart) by the weekend…
Arabica Coffee (KC) slid more than 2% yesterday, but managed to close just above descending wedge/downtrend support (on the weekly chart) and descending wedge resistance (on the daily chart). Although KC has slid back below the 4hr chart downchannel resistance, odds remain decent for a decisive break in the next day or so above this resistance…
Arabica Coffee (KC) slid more than 0.5% Friday in its consolidation just above descending wedge/downtrend support (on the weekly chart) and descending wedge resistance (on the daily chart). KC is likely to decisively extend in the next day or so, the break Friday above the 4hr chart downchannel resistance…
Arabica Coffee (KC) rebounded more than 3.5% yesterday, clawing back above descending wedge/downtrend support (on the weekly chart) after briefly sliding beneath it. Odds are elevated for a break today above the 4hr chart downchannel resistance and descending wedge resistance (on the daily chart)…
Arabica Coffee (KC) slid nearly 1% yesterday, with its daily Gravestone closing at a fresh 2022 low at descending wedge/downtrend support (on the weekly chart). Nevertheless, odds are rising for a bounce back above the 4hr chart downchannel resistance and descending wedge resistance (on the daily chart) in the next day or so, which would coincide with a rebound off the weekly chart descending wedge resistance…
Arabica Coffee (KC) slid more than 2% yesterday, closing at a fresh 2022 low at descending wedge/downtrend support (on the weekly chart). Nevertheless, odds are rising for a bounce back above the 4hr chart downchannel resistance and descending wedge resistance (on the daily chart) in the next day or so, which would coincide with a rebound off the weekly chart descending wedge resistance.
Arabica Coffee (KC) slid almost 3% yesterday, with its daily Gravestone closing below the psychologically key 1.75 whole figure level and forming a fresh intraday 2022 low. Nevertheless, odds are elevated for a break above the 4hr chart downchannel resistance and descending wedge resistance (on the daily chart) in the next day or so with high likelihood for a bounce in the next week or so off the weekly chart descending wedge support…
Arabica Coffee (KC) rebounded more than 2% Friday, forming a daily Doji just above the psychologically key 1.75 whole figure level. Any break above the 4hr chart downchannel resistance and descending wedge resistance (on the daily chart) in the next day or so would strongly reinforce last week’s weekly Gravestone bounce off just above the weekly chart downtrend support…
Arabica Coffee (KC) slid a massive 5% plus yesterday, closing back below the psychologically key 1.75 whole figure level. With KC trying to form a weekly Gravestone at the weekly chart downtrend support, odds are still decent for a bounce next week back above the 50% Fib of the June 2020 to February 2022 bull market (near 1.775)…
Arabica Coffee (KC) rebounded more than 4% yesterday, closing back above the psychologically key 1.80 whole figure level. KC is gaining momentum on its bounce off the swing low from the August high after yesterday’s break above descending wedge resistance (on the daily chart)…
