Robusta Coffee (RC) consolidated yesterday just below the psychologically key 2k whole figure level, hesitating at a downchannel/downtrend resistance line (on the daily chart). RC no longer appears likely to form a fresh July low with its bounce off the 38.2% Fib retrace of the Bull Market from the 2020 low to the 2021 high (in December)…
Arabica Coffee (KC) rebounded more than 1.5% yesterday, trying to avoid sliding back to the psychologically key 2 whole figure level. Until KC sees a daily close above last week’s high, odds will remain elevated for a Head & Shoulders (on the weekly chart) completion…
Arabica Coffee (KC) slid more than 4% Friday closing just above the psychologically key 2 whole figure level. KC is suddenly gravitating once again towards the 38.2% Fib retrace of June 2020 to February 2022 bull market (near 1.97)…
Arabica Coffee (KC) slid more than 1% yesterday in healthy profittaking, but remains poised to closing near last week’s high. With the strong bounce off Thursday/Friday’s 2022 low near the 38.2% Fib retrace of June 2020 to February 2022 bull market, KC is just shy of the 38.2% Fib retrace of the February to July slide…
Arabica Coffee (KC) formed a 4th straight green daily candle yesterday, and has reversed almost all of last week’s slide. With the strong bounce off Thursday/Friday’s 2022 low near the 38.2% Fib retrace of June 2020 to February 2022 bull market, KC is suddenly testing the 38.2% Fib retrace of the February to July slide…
Robusta Coffee (RC) edged higher yesterday, consolidating Monday’s massive 3.5% plus rebound off Friday’s fresh July and 2022 low. With RC retesting the psychologically key 2k whole figure level and back above prior descending triangle support (on the weekly chart), odds are high for RC to form its first green weekly candle in 7 weeks…
Robusta Coffee (RC) rebounded a massive 3.5% plus yesterday off Friday’s fresh July and 2022 low. With RC retesting the psychologically key 2k whole figure level and back above prior descending triangle support (on the weekly chart), odds are high for RC to form its first green weekly candle in 7 weeks…
Robusta Coffee (RC) edged lower Friday, closing near a fresh July and 2022 low. With 6 straight red weekly candles, odds are rising for a short covering bounce by early this week…
Robusta Coffee (RC) slid more than 2.5% yesterday, closing at a fresh July and 2022 low. With RC on pace for its 6th straight red weekly candle, odds are rising for a short covering bounce by early next week…
Robusta Coffee (RC) bounced more than 1% yesterday, forming a weekly Hammer after bouncing off the 2022 low freshly formed Friday. Yesterday’s break above descending wedge resistance (on the 4hr chart) dramatically increases the likelihood of the 1st green weekly candle in 6 weeks…
