Arabica Coffee (KC) surged another near 3% yesterday, reversing most of the losses since the beginning of July. With KC decisively breaking above triangle resistance (on the daily chart), odds are suddenly elevated for a break of downchannel resistance (on the weekly chart connecting the February and June highs) by month end…
Arabica Coffee (KC) rebounded a massive near 4% yesterday, reversing most of last week’s losses. With KC briefly breaking above triangle resistance (on the daily chart) after sliding slightly below the same triangle’s support Friday, odds are suddenly high for a test of the downtrend resistance (on the weekly chart connecting the February and June highs) by early September…
Arabica Coffee (KC) tried halting the week long slide Friday after briefly breaking below triangle support (on the daily chart). If KC resumes last week’s slide today, odds will rise dramatically for a retest before month end of the August low…
Arabica Coffee (KC) slid more than 1% yesterday, gearing up for a volatility surge as the daily chart triangle nears completion. With this week’s slide, odds have risen dramatically for a retest before month end of the August low…
Arabica Coffee (KC) slid almost 1% yesterday, gearing up for a volatility surge as the daily chart triangle nears completion. Regardless, KC is moderately likely to test in August the downtrend resistance line (on the weekly chart) connecting the February and June highs…
Arabica Coffee (KC) saw a bit of healthy consolidation yesterday, hesitating near triangle resistance (on the daily chart). With KC suddenly near the highest level in a month, odds are elevated for a weekly close in August above the downtrend resistance line (on the weekly chart) connecting the February and June highs…
Arabica Coffee (KC) gained another more than 1.5% yesterday, closing above triangle resistance (on the 4hr chart). With KC suddenly at the highest level in a month, KC no longer appears at risk of retesting the psychologically key 2 whole figure level…
Arabica Coffee (KC) surged more than 3.5% yesterday, closing at/near triangle resistance (on the 4hr and daily chart). With KC suddenly approaching the highest level in a month, KC no longer appears at risk of retesting the psychologically key 2 whole figure level…
Arabica Coffee (KC) edged up a 2nd straight day yesterday, trying to hold triangle support (on the daily chart). Any slide back below the lower end of the range over the last 3 weeks would dramatically increase the likelihood of a break of the psychologically key 2 whole figure level and a test of the 38.2% Fib retrace of the June 2020 to February 2022 bull market (near 1.97) in the week after…
Arabica Coffee (KC) edged up more than 1% yesterday, forming a green daily Doji at triangle support (on the daily chart). Any slide back below the lower end of the range over the last 2 weeks would dramatically increase the likelihood of a break of the psychologically key 2 whole figure level and a test of the 38.2% Fib retrace of the June 2020 to February 2022 bull market (near 1.97) in the week after…
