Arabica Coffee (KC) edged lower yesterday with its daily Gravestone, remaining vulnerable today to breaking ascending wedge support (on the daily chart). KC appears to want to spend this week consolidating just below downchannel resistance (on the weekly chart), but is unlikely to fall much below the July low…
Arabica Coffee (KC) edged lower yesterday with its daily Doji, remaining vulnerable today to breaking ascending wedge support (on the daily chart). KC appears to want to spend this week consolidating just below downchannel resistance (on the weekly chart), but is unlikely to fall much below the July low…
Arabica Coffee (KC) slid more than 1% Friday on more healthy profittaking, and appears vulnerable to breaking ascending wedge support (on the daily chart) by mid week. With last week’s weekly Doji just below downchannel resistance (on the weekly chart), further consolidation this week near the July low is likely…
Arabica Coffee (KC) slid almost 2% yesterday on healthy profittaking after bumping up against ascending wedge resistance (on the 4hr chart) and what may become downchannel resistance (on the weekly chart). With KC sliding back into the ascending wedge (on the daily chart), odds are decent for a test of wedge support early next week, with a postponing of any test of the psychologically key 2 whole figure level to around mid March…
Arabica Coffee (KC) tacked on another near 2% yesterday, extending what appears to be an upchannel (on the 4hr chart). Although KC appears overextended with its close above ascending wedge resistance (on the daily chart), odds are decent for a bit more upside before the weekend as it gravitates towards the psychologically key 2 whole figure level…
Arabica Coffee (KC) tacked on another 2% plus yesterday, breaking briefly above ascending wedge resistance (on the daily chart). Nevertheless, KC is likely to see healthy consolidation in the next day or so as it catches its breath after reclaiming the July low, and is bumping up against what could become downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) surged almost 4.5% Friday, closing above ascending triangle resistance (on the 4hr chart). With Friday’s fresh February high, KC is extending a Bull Flag (on the weekly chart), and is now moderately likely to test the psychologically key 2 whole figure level by month end…
Arabica Coffee (KC) surged almost 4.5% Friday, closing above ascending triangle resistance (on the 4hr chart). With Friday’s fresh February high, KC is extending a Bull Flag (on the weekly chart), and is now moderately likely to test the psychologically key 2 whole figure level by month end…
Arabica Coffee (KC) rebounded more than 2% yesterday, closing just above the psychologically key 1.80 whole figure level. KC is in the advanced stages of a 2 week plus Bull Flag consolidation (on the weekly chart), with odds elevated for a fresh February high by next week sometime…
Arabica Coffee (KC) slid more than 3.5% yesterday, closing just above the psychologically key 1.75 whole figure level. Nevertheless, KC appears to be in the advanced stages of a 2 week plus Bull Flag consolidation (on the weekly chart), with odds remaining elevated for a fresh February high by month end…
