Arabica Coffee (KC) slid another near 1.5% Friday, retesting the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58). With the weekly close near the 61.8% Fib, odds are elevated for a test this week of the 2022 low and the psychologically key 1.50 whole figure level…
Arabica Coffee (KC) slid just shy of 0.5% yesterday, and suddenly appears poised for a retest by the weekend of the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58). Any weekly close below the 61.8% Fib would dramatically increase the likelihood of a test of the 2022 low and the psychologically key 1.50 whole figure level sometime next week….
Arabica Coffee (KC) slid more than 3% yesterday, and suddenly appears poised for a retest this week of the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58). Any break below the 61.8% Fib would dramatically increase the likelihood of a test of the 2022 low and the psychologically key 1.50 whole figure level in the week after…
Arabica Coffee (KC) slid more than 0.5% yesterday, and appears vulnerable to a bit more downside as part of the consolidation after getting rejected at the psychologically key 1.75 whole figure level last week. Odds are decent that a major bottom has been made within the consolidation since February, with this low formed on the overshoot below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58)…
Arabica Coffee (KC) slid more than 1.5% Friday, but managed a higher December low versus the November low. Odds are decent that a major bottom has been made within the consolidation since February, with this low formed on the overshoot below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58)…
Arabica Coffee (KC) slid more than 2% yesterday, closing just below the December high. A higher December low versus the November low is all but certain…
Arabica Coffee (KC) rebounded almost 4% yesterday, nearing the December high. A higher December low versus the November low is all but certain. Odds are decent that a major bottom has been made within the consolidation since February, with this low formed on the overshoot below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58)…
Arabica Coffee (KC) gave back almost 3% yesterday, hesitating near the December high. A higher December low versus the November low remains more likely than for KC to form a fresh December and 2022 low before year end…
Arabica Coffee (KC) edged up almost 2% Friday, closing near the December high. With KC testing weekly chart descending wedge resistance, a higher December low versus the November low is increasingly and rather likely, which if successful and reinforced by a higher December high versus the November high, would dramatically increase odds that a major bottom has been made within the consolidation since February…
Arabica Coffee (KC) formed a 2nd straight daily Hammer yesterday, consolidating just below descending wedge/triangle resistance (on the daily chart). With KC testing another weekly chart descending wedge resistance line, a higher December low versus the November low is increasingly and rather likely, which if successful and reinforced by a higher December high versus the November high, would dramatically increase odds that a major bottom has been made within the consolidation since February…
