Coffee Daily Sep 5, 2022

Arabica Coffee (KC) slid more than 1.5% Friday, closing near downchannel resistance (on the weekly chart connecting the February and June highs). With KC back in the upchannel (on the 4hr chart), odds are moderately high for a test of upchnannel support sometime this week…

Coffee Daily Sep 2, 2022

Arabica Coffee (KC) consolidated yesterday for a 6th straight day after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…

Coffee Daily Sep 1, 2022

Arabica Coffee (KC) consolidated yesterday for a 5th straight day after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…

Coffee Daily Aug 31, 2022

Arabica Coffee (KC) edged lower yesterday consolidating for a 4th straight daily Gravestone or Doji after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…

Coffee Daily Aug 30, 2022

Arabica Coffee (KC) edged lower yesterday consolidating for a third straight Gravestone or Doji after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…