Coffee Daily Jan 9, 2024

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…

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…