Coffee Daily Jun 17, 2024

Arabica Coffee (KC) edged lower Friday with a Daily Doji (on the September contract), extending the consolidation from the June high. Although KC may see further healthy profittaking this week, odds remain moderate for a recapture of the 2024 high and extension of the upchannel (on the weekly chart) by early Q3…

Coffee Daily Jun 14, 2024

Arabica Coffee (KC) edged nearly 1% higher yesterday with a Daily Gravestone (on the July contract) trying to halt the consolidation from May’s high last Thursday. Although KC may see further healthy profittaking ahead of the weekend, odds remain moderate for a recapture of the 2024 high and extension of the upchannel (on the weekly chart) by early Q3…

Coffee Daily Jun 13, 2024

Arabica Coffee (KC) rebounded nearly 2% yesterday (on the July contract) trying to halt the consolidation from May’s high last Thursday. Although KC may see further healthy profittaking ahead of the weekend, odds remain moderate for a recapture of the 2024 high and extension of the upchannel (on the weekly chart) by early Q3…

Coffee Daily Jun 12, 2024

Arabica Coffee (KC) edged lower with a daily Doji yesterday (on the July contract) consolidating deeper after briefly breaking above May’s high Thursday. Although KC is likely to further its healthy profittaking ahead of the weekend, odds remain moderate for a recapture of the 2024 high and extension of the upchannel (on the weekly chart) by early Q3…

Coffee Daily Jun 11, 2024

Arabica Coffee (KC) slid more than 1% yesterday (on the July contract) consolidating deeper after briefly breaking above May’s high Thursday. Although KC is likely to further its healthy profittaking today, odds remain moderate for a recapture of the 2024 high and extension of the upchannel (on the weekly chart) by early Q3…

Coffee Daily Jun 10, 2024

Arabica Coffee (KC) slid more than 3.5% Friday (on the July contract) reversing lower after briefly breaking above May’s high Thursday. Although KC is likely to deepen in its consolidation early week, odds remain moderate for a recapture of the 2024 high and extension of the upchannel (on the weekly chart) sometime in June…