Arabica Coffee (KC) rebounded more than 1.5% yesterday, and once again appears to have a slightly bullish tilt to its advanced stage consolidation since late December. Any break above the 4hr chart downchannel resistance ahead of the weekend will dramatically increase odds for a reclaiming of the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level by April sometime…
Arabica Coffee (KC) edged more than 0.5% lower Friday, but remains on pace to halting in the next week or so, the consolidation since late December from extending below the January low. Odds are fairly decent for a reclaiming of the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level by April…
Arabica Coffee (KC) gained nearly 1.5% yesterday, and appears to want to halt the consolidation since late December from extending below the January low. Regardless, with Tuesday’s fresh February intraday low, a reclaiming of the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level will likely have to defer until at least April…
Arabica Coffee (KC) edged more than 0.5% lower with a daily Hammer yesterday, but with the near complete weekly green Doji forming, appears to want to halt the consolidation since late December from extending below the January low. Regardless, with Tuesday’s fresh February intraday low, a reclaiming of the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level will likely have to defer until at least April…
Arabica Coffee (KC) bounced nearly 2% yesterday, trying to halt the consolidation since late December from extending below the January low. Regardless, with yesterday’s fresh February intraday low, a reclaiming of the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level will likely have to defer until at least April…
Arabica Coffee (KC) edged lower yesterday and is likely to extend the consolidation since late December going into Q2. With yesterday’s fresh February low, a reclaiming of the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level will likely have to defer until at least April…
Arabica Coffee (KC) slid more than 1.5% Friday (on the May contract) and is likely to extend the consolidation since late December going into Q2. With Friday’s fresh February low, a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level will likely have to defer until at least April…
Arabica Coffee (KC) slid more than 2.5% yesterday (on the May contract) and is likely to extend the consolidation since late December going into at least early March. A weekly close above the February high before March is now less probable than the forming of a fresh February low…
Arabica Coffee (KC) edged roughly 1% higher yesterday (on the May contract) but remains vulnerable to extending the consolidation since late December for at least another week. Any weekly close above the February high (although unlikely for this week) would dramatically increase the likelihood of a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level in the week after…
Arabica Coffee (KC) edged higher yesterday (on the May contract) following Monday’s US Presidents’ Day holiday, but remains vulnerable to extending the consolidation since late December for at least another week. Any weekly close above the February high though would dramatically increase the likelihood of a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly contract tradingview.com) and the psychologically key 2 whole figure level in the week after…
