Arabica Coffee (KC) edged up a 2nd straight day yesterday, trying to hold triangle support (on the daily chart). Any slide back below the lower end of the range over the last 3 weeks would dramatically increase the likelihood of a break of the psychologically key 2 whole figure level and a test of the 38.2% Fib retrace of the June 2020 to February 2022 bull market (near 1.97) in the week after…
Tag: Arabica Coffee
Coffee Daily Aug 9, 2022
Arabica Coffee (KC) edged up more than 1% yesterday, forming a green daily Doji at triangle support (on the daily chart). Any slide back below the lower end of the range over the last 2 weeks would dramatically increase the likelihood of a break of the psychologically key 2 whole figure level and a test of the 38.2% Fib retrace of the June 2020 to February 2022 bull market (near 1.97) in the week after…
Coffee Daily Aug 8, 2022
Arabica Coffee (KC) slid more than 4% Friday, once again nearing the lower end of the range over the last 2 weeks. Increasingly, KC appears to want to retest the psychologically key 2 whole figure level by mid August…
Arabica Coffee (KC) Reclaims 38.2% Fib Retrace of Feb-July Slide
Arabica Coffee (KC) gained another more than 2% yesterday, with the weekly Hammer lower shadow suggesting a refusal to slide back to the psychologically key 2 whole figure level. A weekly close above last week’s high will dramatically reduce the likelihood that KC is in the advanced stages of a Head & Shoulders (on the weekly chart)…
Coffee Daily Aug 5, 2022
Arabica Coffee (KC) gained another more than 2% yesterday, with the weekly Hammer lower shadow suggesting a refusal to slide back to the psychologically key 2 whole figure level. A weekly close above last week’s high will dramatically reduce the likelihood that KC is in the advanced stages of a Head & Shoulders (on the weekly chart)…
Coffee Daily Aug 4, 2022
Arabica Coffee (KC) rebounded more than 2% yesterday, refusing to slide back to the psychologically key 2 whole figure level. KC will need to rebound back to last week’s high in the next few days to avoid returning to the advanced stages of a Head & Shoulders (on the weekly chart), and to more resemble an extended Bull Flag consolidation…
Coffee Daily Aug 3, 2022
Arabica Coffee (KC) slid more than 1.5% lower yesterday, increasingly vulnerable to retesting the psychologically key 2 whole figure level. KC will need to rebound back to last week’s high in the next few days to avoid returning to the advanced stages of a Head & Shoulders (on the weekly chart), and to more resemble an extended Bull Flag consolidation..
Coffee Daily Aug 2, 2022
Arabica Coffee (KC) slid almost 2% lower yesterday, closing just below the June low. Irrespective of any healthy profittaking this week after the bounce off the July low, KC no longer appears to have made a Head & Shoulders (on the weekly chart), resembling more an extended Bull Flag consolidation…
Coffee Daily Aug 1, 2022
Arabica Coffee (KC) edged lower Friday, closing near the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart), resembling more an extended Bull Flag consolidation…
Arabica Coffee (KC) Weekly MACD Green Line Flattening
Arabica Coffee (KC) consolidated yesterday, closing near the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart) but is instead in the late stages of an extended Bull Flag consolidation…