Arabica Coffee (KC) rebounded more than 2% yesterday, refusing to slide back to the psychologically key 2 whole figure level. KC will need to rebound back to last week’s high in the next few days to avoid returning to the advanced stages of a Head & Shoulders (on the weekly chart), and to more resemble an extended Bull Flag consolidation…
Arabica Coffee (KC) slid more than 1.5% lower yesterday, increasingly vulnerable to retesting the psychologically key 2 whole figure level. KC will need to rebound back to last week’s high in the next few days to avoid returning to the advanced stages of a Head & Shoulders (on the weekly chart), and to more resemble an extended Bull Flag consolidation..
Arabica Coffee (KC) slid almost 2% lower yesterday, closing just below the June low. Irrespective of any healthy profittaking this week after the bounce off the July low, KC no longer appears to have made a Head & Shoulders (on the weekly chart), resembling more an extended Bull Flag consolidation…
Arabica Coffee (KC) edged lower Friday, closing near the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart), resembling more an extended Bull Flag consolidation…
Arabica Coffee (KC) consolidated yesterday, closing near the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart) but is instead in the late stages of an extended Bull Flag consolidation…
Arabica Coffee (KC) gained another near 3% yesterday, and is suddenly retesting the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart) but is instead in the late stages of an extended Bull Flag consolidation…
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…
