Arabica Coffee (KC) edged higher Friday, consolidating the bounce that began a bit more than a week ago off a fresh 2023 low. A daily close this week above the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58) is likely, and would dramatically increase the odds of a test of the January high by month end…
Arabica Coffee (KC) edged lower yesterday, consolidating the bounce that began last week off a fresh 2023 low. A test of the January high by month end remains moderately likely…
Arabica Coffee (KC) surged a massive 2.5% plus yesterday, extending the bounce that began last week off a fresh 2023 low. A test of the January high by month end now appears moderately likely…
Arabica Coffee (KC) formed a 2nd straight daily Hammer yesterday, closing just above the psychologically key 1.50 whole figure level. Odds are elevated for the rebound from Wednesday’s fresh 2023 low to continue gaining steam this holiday-shortened week as KC tries bouncing off downtrend/descending wedge support (on the weekly chart)…
Arabica Coffee (KC) tacked on another 1.5% plus Friday, closing above the psychologically key 1.50 whole figure level. Odds are elevated for the rebound from Wednesday’s fresh 2023 low to continue gaining steam this holiday-shortened week as KC tries bouncing off downtrend/descending wedge support (on the weekly chart)…
Arabica Coffee (KC) tacked on another 1.5% plus Friday, closing above the psychologically key 1.50 whole figure level. Odds are elevated for the rebound from Wednesday’s fresh 2023 low to continue gaining steam this week as KC tries bouncing off downtrend/descending wedge support (on the weekly chart)…
Arabica Coffee (KC) rebounded a massive near 4% yesterday from Wednesday’s fresh 2023 low, closing around the psychologically key 1.50 whole figure level. Odds are elevated for a continued firming going into next week as KC tries bouncing off downtrend/descending wedge support (on the weekly chart)…
Arabica Coffee (KC) slid another massive 4.5% plus yesterday, breaking to a fresh 2023 low. KC should begin firming today as it tests downtrend/descending wedge support (on the weekly chart)…
Arabica Coffee (KC) slid a massive 4.5% plus yesterday, breaking below the 2022 low and the psychologically key 1.50 whole figure level. With KC decisively below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58), odds are elevated for a test of the weekly chart descending wedge support by month end…
Arabica Coffee (KC) edged lower with yesterday’s daily Gravestone, breaking below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58). With KC just shy of the 2022 low, odds are elevated for a test of the psychologically key 1.50 whole figure level by early next week…
