Arabica Coffee (KC) rebounded more than 2% Friday, forming a daily Doji just above the psychologically key 1.75 whole figure level. Any break above the 4hr chart downchannel resistance and descending wedge resistance (on the daily chart) in the next day or so would strongly reinforce last week’s weekly Gravestone bounce off just above the weekly chart downtrend support…
Arabica Coffee (KC) slid a massive 5% plus yesterday, closing back below the psychologically key 1.75 whole figure level. With KC trying to form a weekly Gravestone at the weekly chart downtrend support, odds are still decent for a bounce next week back above the 50% Fib of the June 2020 to February 2022 bull market (near 1.775)…
Arabica Coffee (KC) rebounded more than 4% yesterday, closing back above the psychologically key 1.80 whole figure level. KC is gaining momentum on its bounce off the swing low from the August high after yesterday’s break above descending wedge resistance (on the daily chart)…
Arabica Coffee (KC) slid more than 1.5% yesterday, closing around the psychologically key 1.75 whole figure level. KC appears to be in the early stages of forming a bottom on the swing down from the August high, arguably consolidating around descending wedge resistance (on the daily chart)…
Arabica Coffee (KC) rebounded a massive 4.5% plus yesterday, closing above the psychologically key 1.75 whole figure level. With yesterday’s bounce off Friday’s fresh 2022 low, KC is suddenly testing descending wedge resistance (on the 4hr chart) and trying to reclaim a downchannel support (on the daily chart)…
Arabica Coffee (KC) slid a massive 5% plus Friday, closing at another fresh 2022 low. With last week’s break below the weekly chart descending wedge/downtrend support and the 50% Fib of the June 2020 to February 2022 bull market (near 1.775, odds are high for KC to test the 61.8% Fib (near 1.58) by November sometime. Any reclaiming of downchannel support (on the daily chart) will likely coincide with a break above the 4hr chart descending wedge resistance…
Arabica Coffee (KC) slid another 0.5% yesterday to a fresh 2022 low. Nevertheless, odds are elevated for KC to close this week around the weekly chart descending wedge/downtrend support which coincides roughly with the 50% Fib of the June 2020 to February 2022 bull market (near 1.775)…
Arabica Coffee (KC) slid another 3% plus yesterday to a fresh 2022 low. Nevertheless, odds are elevated for KC to find support by the weekend around the weekly chart descending wedge/downtrend support which coincides roughly with the 50% Fib of the June 2020 to February 2022 bull market (near 1.77)…
Arabica Coffee (KC) slid another 2% plus yesterday to a fresh 2022 low. Nevertheless, odds are elevated for KC to soon find support at the weekly chart descending wedge/downtrend support which coincides roughly with the 50% Fib of the June 2020 to February 2022 bull market…
Arabica Coffee (KC) formed another daily Doji yesterday near a fresh 2022 low, continuing to show early signs of trying to halt the slide from the August high. KC would need to bounce above last week’s high and the psychologically key 2 whole figure level to halt an extending of its fall before month end to the weekly chart descending wedge/downtrend support (near the 50% Fib of the June 2020 to February 2022 bull market)…
