Arabica Coffee (KC) slid more than 3% yesterday (on the July contract), deepening in the healthy profittaking from Thursday’s fresh 2024 intraday high (around the August 2022 high). Although bullish momentum can be expected to remain strong over the next few months (as seen easier on a monthly chart at tradingview.com), odds are elevated for further consolidation this week after yesterday’s break of upchannel support (on the 4hr chart)…
Arabica Coffee (KC) edged lower with a daily Doji Friday (on the July contract) from Thursday’s fresh 2024 intraday high. Although bullish momentum can be expected to remain strong over the next few months (as seen easier on a monthly chart at tradingview.com), odds are elevated for further healthy consolidation early week to below upchannel support (on the 4hr chart) after getting rejected around the August 2022 high…
Arabica Coffee (KC) pulled back more than 3% yesterday (on the July contract) from a fresh 2024 intraday high. Although bullish momentum can be expected to remain strong over the next few months (as seen easier on a monthly chart at tradingview.com), odds are elevated for further healthy consolidation going into early next week to below upchannel support (on the 4hr chart) after getting rejected around the August 2022 high…
Arabica Coffee (KC) surged more than 4.5% yesterday (on the July contract) to a fresh 2024 high. Although bullish momentum can be expected to remain strong over the next few months (as seen easier on a monthly chart at tradingview.com), odds are rising for healthy consolidation to kick in by early next week with KC bumping up against what is arguably upchannel resistance (on the 4hr chart) and nearing the August 2022 high…
Arabica Coffee (KC) edged higher yesterday (on the July contract) to a fresh 2024 high. Although bullish momentum can be expected to remain strong over the next few months (as seen easier on a monthly chart at tradingview.com), odds are rising for healthy consolidation to kick in by late week with KC bumping up against what is arguably upchannel resistance (on the weekly and daily chart)…
Arabica Coffee (KC) surged more than 3% yesterday (on the May contract) with the intraday high just shy of Friday’s fresh 2024 high. Although bullish momentum can be expected to remain strong over the next few months (as seen easier on a monthly chart at tradingview.com), odds are rising for healthy consolidation to kick in by mid week with KC bumping up against what is arguably upchannel resistance (on the weekly and daily chart)…
Arabica Coffee (KC) surged nearly 2% Friday (on the May contract) to a fresh 2024 high. Nevertheless, KC appears ready for some healthy consolidation within its weekly chart Bull Flag after reversing sharply from Friday’s peak that overshot above upchannel resistance (on the weekly and daily chart)…
Arabica Coffee (KC) soared another more than 2% yesterday to a fresh 2024 high. With last week’s decisive break above the weekly chart Bull Flag consolidation resistance since late December, odds are now elevated for KC to recapture the October 2022 high (as seen easier on a monthly chart at tradingview.com) sometime by month end…
Arabica Coffee (KC) edged more than 1% yesterday, retesting Monday’s fresh 2024 intraday high. With last week’s decisive break above the weekly chart Bull Flag consolidation resistance since late December, and KC in the advanced stages of consolidating near the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any further profittaking this week would be orderly and unlikely to reverse back to the psychologically key 2 whole figure level…
Arabica Coffee (KC) gained more than 1% yesterday, closing just shy of Monday’s fresh 2024 intraday high. With last week’s decisive break above the weekly chart Bull Flag consolidation resistance since late December, and KC pulling back from the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any further profittaking this week would be orderly and unlikely to reverse back to the psychologically key 2 whole figure level…
