Arabica Coffee (KC) edged more than 0.5% lower yesterday, closing the week near triangle support (on the weekly chart). The weekly chart Bull Flag consolidation since late December appears it will now need at least another month before potentially resolving to the upside…
Tag: Arabica Coffee
Coffee Daily Mar 18, 2024
Arabica Coffee (KC) edged nearly 0.5% lower Friday, closing the week near triangle support (on the weekly chart). KC is still arguably slightly bearish in its weekly chart Bull Flag consolidation since late December…
Coffee Daily Mar 15, 2024
Arabica Coffee (KC) bounced more than 0.5% yesterday off triangle support (on the weekly chart). Any close going into the weekend back above the 4hr chart downchannel resistance will all but neutralize the still slightly bearish tilt of the weekly chart Bull Flag consolidation since late December…
Coffee Daily Mar 14, 2024
Arabica Coffee (KC) slid more than 1.5% yesterday, once again appearing moderately vulnerable to forming a fresh March low before month end. Any clawing back above the 4hr chart downchannel resistance though will neutralize the now slightly bearish tilt of the weekly chart Bull Flag consolidation since late December…
Coffee Daily Mar 13, 2024
Arabica Coffee (KC) edged nearly 0.5% higher yesterday with its daily Gravestone, clawing back above the 4hr chart downchannel resistance intraday. KC appears close to completing its healthy profittaking after Thursday’s bullish break intraday above the Bull Flag consolidation resistance since late December (on the weekly chart)…
Coffee Daily Mar 12, 2024
Arabica Coffee (KC) edged lower yesterday with its daily Hammer, consolidating just under the 4hr chart downchannel resistance. KC appears close to completing its healthy profittaking after Thursday’s bullish break intraday above the Bull Flag consolidation resistance since late December (on the weekly chart)…
Coffee Daily Mar 11, 2024
Arabica Coffee (KC) sharply reversed more than 3.5% Friday after bullishly breaking at one point Thursday above the Bull Flag consolidation since late December (on the weekly chart). Despite Friday’s strong profittaking, Thursday’s break above the 4hr chart downchannel resistance maintains decent odds for a reclaiming of 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 sometime in March…
Coffee Daily Mar 8, 2024
Arabica Coffee (KC) surged more than 3% yesterday, bullishly breaking at one point yesterday above the Bull Flag consolidation since late December (on the weekly chart). Yesterday’s break above the 4hr chart downchannel resistance dramatically increases odds for a reclaiming of 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 sometime in March…
Coffee Daily Mar 7, 2024
Arabica Coffee (KC) slid nearly 2% yesterday, and once again appears somewhat vulnerable to deepening in the next week or so, the consolidation since late December to the February low. Nevertheless, odds remain decent for a reclaiming of 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 April sometime…
Coffee Daily Mar 6, 2024
Arabica Coffee (KC) gained roughly 2% yesterday, and remains on pace to halting in the next week or so, the consolidation since late December from extending below the January low. Odds are fairly decent for a reclaiming of 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 April…