Coffee Daily Oct 10, 2022

Arabica Coffee (KC) formed a daily Doji Friday, bouncing after a fresh intraweek low just above triangle support (on the daily chart). KC is hesitating in continuing the downchannel (on the weekly chart) as seen with last week’s weekly close at the 50% Fib retrace of the July to August rally, and with KC having formed a weekly Doji after the prior weekly Gravestone…

Coffee Daily Oct 6, 2022

Arabica Coffee (KC) surged almost 2.5% yesterday, closing near triangle resistance (on the daily chart). KC closed just above the 38.2% Fib retrace of the July to August rally, and is trying to form a weekly Hammer, which after last week’s weekly Gravestone suggests an unwillingness for KC to resume its slide from downchannel resistance (on the weekly chart)…

Coffee Daily Oct 5, 2022

Arabica Coffee (KC) bounced more than 1.5% yesterday, refusing to slide to triangle support (on the daily chart). KC closed just above the 50% Fib retrace of the July to August rally, and is trying to form a weekly Hammer, which after last week’s weekly Gravestone suggests an unwillingness for KC to resume its slide from downchannel resistance (on the weekly chart)…

Coffee Daily Oct 4, 2022

Arabica Coffee (KC) slid more than 2.5% yesterday, looking vulnerable to breaking triangle support (on the daily chart) in the next day or so. KC is once again below the 50% Fib retrace of the July to August rally, and is at elevated risk this week of resuming its slide from downchannel resistance (on the weekly chart)…