Coffee Daily Sep 19, 2022

Arabica Coffee (KC) edged more than 0.5% lower Friday, closing a 3rd straight day below triangle support (on the daily chart). With KC breaking below the 50% Fib retrace of the July to August rally, and firmly within the downchannel (on the weekly chart), KC is at moderately high risk of testing the psychologically key 2.00 whole figure level before month end…

Coffee Daily Sep 16, 2022

Arabica Coffee (KC) rebounded more than 0.5% yesterday, closing a second day below triangle support (on the 4hr and daily chart). With KC retesting the 50% Fib retrace of the July to August rally, but still firmly within the downchannel (on the weekly chart), KC is at moderately high risk of testing the psychologically key 2.00 whole figure level before month end…

Coffee Daily Sep 15, 2022

Arabica Coffee (KC) slid more than 2.5% yesterday, breaking triangle support (on the 4hr and daily chart). With KC closing below the 50% Fib retrace of the July to August rally, and firmly back within the downchannel (on the weekly chart), KC is at moderately high risk of testing the psychologically key 2.00 whole figure level before month end…