Arabica Coffee (KC) slid more than 1% yesterday on healthy profittaking, closing near prior downchannel resistance (on the daily chart). Nevertheless, KC appears to have formed a major bottom just above the psychologically key 1.50 whole figure level, and is trying to reclaim the descending wedge/downtrend support (on the weekly chart)…
Arabica Coffee (KC) gained another almost 3% yesterday, breaking above downchannel resistance (on the daily chart). KC appears to have formed a major bottom just above the psychologically key 1.50 whole figure level, reclaiming the descending wedge/downtrend support (on the weekly chart)…
Arabica Coffee (KC) rebounded a massive 4% plus yesterday, refusing to slide to the psychologically key 1.50 whole figure level and closing at downchannel resistance (on the daily chart). Odds are elevated for a reclaiming of the descending wedge/downtrend support (on the weekly chart), with KC now back above the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58)…
Arabica Coffee (KC) slid nearly 1% Friday, closing just shy of the psychologically key 1.50 whole figure level and the 2022 low. The sharp break last week below descending wedge/downtrend support (on the weekly chart) to below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58) appears to have been an overshoot, with odds rising for a rebound by early this week back above downtrend resistance (on the daily chart)…
Arabica Coffee (KC) slid another 1.5% plus yesterday, closing just shy of the psychologically key 1.50 whole figure level. The sharp break this week below descending wedge/downtrend support (on the weekly chart) to below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58) appears to have been an overshoot, with odds rising for a rebound by early next week back above downtrend resistance (on the 4hr and daily chart)…
Arabica Coffee (KC) slid another near 1% yesterday, closing below descending wedge/downtrend support (on the weekly chart). Odds are roughly equal for KC to test the psychologically key 1.50 whole figure level ahead of the weekend as it is for KC to rebound above downtrend resistance (on the 4hr and daily chart) in the same period…
Arabica Coffee (KC) slid a massive more than 5.5% yesterday, closing below descending wedge/downtrend support (on the weekly chart) after getting rejected at descending wedge resistance (on the daily chart). Although KC dipped yesterday slightly below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58), KC appears to have overshot to the downside with decent odds for a rebound above downtrend resistance (on the 4hr chart) by the weekend…
Arabica Coffee (KC) slid more than 2% yesterday, but managed to close just above descending wedge/downtrend support (on the weekly chart) and descending wedge resistance (on the daily chart). Although KC has slid back below the 4hr chart downchannel resistance, odds remain decent for a decisive break in the next day or so above this resistance…
Arabica Coffee (KC) slid more than 0.5% Friday in its consolidation just above descending wedge/downtrend support (on the weekly chart) and descending wedge resistance (on the daily chart). KC is likely to decisively extend in the next day or so, the break Friday above the 4hr chart downchannel resistance…
Arabica Coffee (KC) rebounded more than 3.5% yesterday, clawing back above descending wedge/downtrend support (on the weekly chart) after briefly sliding beneath it. Odds are elevated for a break today above the 4hr chart downchannel resistance and descending wedge resistance (on the daily chart)…
