Arabica Coffee (KC) slid more than 0.5% yesterday on healthy profittaking from a 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…
Tag: Arabica Coffee
Coffee Daily Apr 8, 2024
Arabica Coffee (KC) surged more than 2.5% Friday to a fresh 2024 high. With last week’s decisive break above the weekly chart Bull Flag consolidation resistance since late December, and at the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any profittaking early week would be healthy and unlikely to reverse back to the psychologically key 2 whole figure level…
Coffee Daily Apr 5, 2024
Arabica Coffee (KC) edged higher yesterday with its daily Hammer, closing near a fresh 2024 high. With this week’s decisive break above the weekly chart Bull Flag consolidation resistance since late December, and at the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any profittaking going into early next week would be healthy and likely to find strong support on any dip back to the psychologically key 2 whole figure level…
Coffee Daily Apr 4, 2024
Arabica Coffee (KC) soared nearly 3% yesterday, closing at a fresh 2024 high. With yesterday’s intraday high above the weekly chart Bull Flag consolidation resistance since late December, and at the highest point since October 2022 (as seen easier on a monthly chart at tradingview.com), any profittaking today would be healthy and likely to find strong support on any dip back to the psychologically key 2 whole figure level…
Coffee Daily Apr 3, 2024
Arabica Coffee (KC) soared more than 3% yesterday, closing at a fresh 2024 high. KC has broken above the weekly chart Bull Flag consolidation resistance since late December, and is poised to reclaim the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level by next week sometime…
Coffee Daily Apr 2, 2024
Arabica Coffee (KC) rebounded more than 1.5% yesterday on the first day of Q2 after reopening from the Good Friday long weekend. KC is well positioned to complete the weekly chart Bull Flag consolidation since late December by next week…
Coffee Daily Apr 1, 2024
Arabica Coffee (KC) slid nearly 1% Thursday on healthy profittaking ahead of the Good Friday long weekend and end of Q1. Nevertheless, KC is well positioned to complete the weekly chart Bull Flag consolidation since late December by mid April…
Coffee Daily Mar 28, 2024
Arabica Coffee (KC) surged more than 1% yesterday, and is positioned to complete the weekly chart Bull Flag consolidation since late December by early April. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…
Coffee Daily Mar 27, 2024
Arabica Coffee (KC) surged more than 1% yesterday, and is positioned to complete the weekly chart Bull Flag consolidation since late December by early April. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…
Coffee Daily Mar 26, 2024
Arabica Coffee (KC) edged nearly 0.5% higher yesterday, and is increasingly positioned to complete the weekly chart Bull Flag consolidation since late December by month end. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…