Arabica Coffee (KC) edged lower Friday consolidating for a second straight Gravestone or Doji after 3 strong consecutive up days. With KC near the highest level since June, and having decisively broke above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
Cocoa (CC) gained another almost 1% yesterday, closing near triangle resistance (on the daily chart). With the weekly Hammer having refused Wednesday to slide back to the 2022 low, CC is making progress in forming its major bottom…
Arabica Coffee (KC) formed a daily Gravestone yesterday after 3 strong consecutive up days. With KC near the highest level since June, and having decisively broke above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
Arabica Coffee (KC) surged a stunning 5% plus yesterday, closing at the highest level since June. With KC decisively breaking above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
Arabica Coffee (KC) surged another near 3% yesterday, reversing most of the losses since the beginning of July. With KC decisively breaking above triangle resistance (on the daily chart), odds are suddenly elevated for a break of downchannel resistance (on the weekly chart connecting the February and June highs) by month end…
Arabica Coffee (KC) rebounded a massive near 4% yesterday, reversing most of last week’s losses. With KC briefly breaking above triangle resistance (on the daily chart) after sliding slightly below the same triangle’s support Friday, odds are suddenly high for a test of the downtrend resistance (on the weekly chart connecting the February and June highs) by early September…
Arabica Coffee (KC) tried halting the week long slide Friday after briefly breaking below triangle support (on the daily chart). If KC resumes last week’s slide today, odds will rise dramatically for a retest before month end of the August low…
Arabica Coffee (KC) slid more than 1% yesterday, gearing up for a volatility surge as the daily chart triangle nears completion. With this week’s slide, odds have risen dramatically for a retest before month end of the August low…
Arabica Coffee (KC) slid almost 1% yesterday, gearing up for a volatility surge as the daily chart triangle nears completion. Regardless, KC is moderately likely to test in August the downtrend resistance line (on the weekly chart) connecting the February and June highs…
Arabica Coffee (KC) slid more than 2.5% yesterday after getting rejected by triangle resistance (on the daily chart). Regardless, KC remains near the highest level in a month, with odds elevated for a test in August of the downtrend resistance line (on the weekly chart) connecting the February and June highs…
