Arabica Coffee (KC) slid more than 0.5% yesterday, closing at upchannel support (on the daily chart) after briefly breaking below it intraday. The healthy profittaking from near the psychologically key 2 whole figure level is only slightly vulnerable to materially extending this week, but should find strong support on any further pullback to the December low…
Category: Coffee Daily
Coffee Daily Jan 8, 2024
Arabica Coffee (KC) slid nearly 1.5% Friday, testing upchannel support (on the daily chart). The healthy profittaking from near the psychologically key 2 whole figure level appears vulnerable to extending this week, but should find strong support on any further pullback to the December low…
Coffee Daily Jan 5, 2024
Arabica Coffee (KC) slid more than 2% yesterday, testing upchannel support (on the daily chart). The healthy profittaking from near the psychologically key 2 whole figure level appears vulnerable to extending going into next week, but should find strong support on any further pullback to the December low…
Coffee Daily Jan 4, 2024
Arabica Coffee (KC) slid more than 2% yesterday, testing upchannel support (on the daily chart). The healthy profittaking from near the psychologically key 2 whole figure level appears vulnerable to extending going into next week, but should find strong support on any further pullback to the December low…
Coffee Daily Jan 3, 2024
Arabica Coffee (KC) edged nearly 1% higher in yesterday’s first trading day of the year, trying to halt Friday’s healthy profittaking from near the psychologically key 2 whole figure level. Odds are elevated for a retest of December’s fresh 2023 high (on the March contract) by mid January…
Coffee Daily Jan 2, 2024
Arabica Coffee (KC) slid near 5% in Friday’s final trading day of the year, with healthy profittaking kicking in after the 2023 fresh high the prior week just above the psychologically key 2 whole figure level. Nevertheless, odds are elevated for a retest of December’s fresh 2023 high (on the March contract) by early January…
Coffee Daily Dec 29, 2023
Arabica Coffee (KC) edged higher yesterday, but appears poised to consolidate in this year’s final trading day around the psychologically key 2 whole figure level. Nevertheless, odds are elevated for a retest of last Tuesday’s fresh 2023 high (on the March contract) by early January…
Coffee Daily Dec 28, 2023
Arabica Coffee (KC) gained another 1.5% plus yesterday, trying to extend the upchannel (on the 4hr and daily chart). Odds are elevated for a retest of last Tuesday’s fresh 2023 high (on the March contract) by early January…
Coffee Daily Dec 27, 2023
Arabica Coffee (KC) edged nearly 1% higher yesterday, trying to extend the upchannel (on the 4hr and daily chart). Odds are elevated for a retest of last Tuesday’s fresh 2023 high (on the March contract) by early January…
Coffee Daily Dec 22, 2023
Arabica Coffee (KC) bounced 1.5% plus yesterday, trying to avoid sliding back to upchannel support (on the 4hr and daily chart). Odds are elevated for a retest of Tuesday’s fresh 2023 high (on the March contract) before year end…