Coffee Daily Mar 14, 2024

Arabica Coffee (KC) slid more than 1.5% yesterday, once again appearing moderately vulnerable to forming a fresh March low before month end. Any clawing back above the 4hr chart downchannel resistance though will neutralize the now slightly bearish tilt of the weekly chart Bull Flag consolidation since late December…

Coffee Daily Mar 13, 2024

Arabica Coffee (KC) edged nearly 0.5% higher yesterday with its daily Gravestone, clawing back above the 4hr chart downchannel resistance intraday. KC appears close to completing its healthy profittaking after Thursday’s bullish break intraday above the Bull Flag consolidation resistance since late December (on the weekly chart)…

Coffee Daily Mar 12, 2024

Arabica Coffee (KC) edged lower yesterday with its daily Hammer, consolidating just under the 4hr chart downchannel resistance. KC appears close to completing its healthy profittaking after Thursday’s bullish break intraday above the Bull Flag consolidation resistance since late December (on the weekly chart)…

Coffee Daily Mar 11, 2024

Arabica Coffee (KC) sharply reversed more than 3.5% Friday after bullishly breaking at one point Thursday above the Bull Flag consolidation since late December (on the weekly chart). Despite Friday’s strong profittaking, Thursday’s break above the 4hr chart downchannel resistance maintains decent 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 sometime in March…

Coffee Daily Mar 8, 2024

Arabica Coffee (KC) surged more than 3% yesterday, bullishly breaking at one point yesterday above the Bull Flag consolidation since late December (on the weekly chart). Yesterday’s break above the 4hr chart downchannel resistance dramatically increases 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 sometime in March…

Coffee Daily Mar 7, 2024

Arabica Coffee (KC) slid nearly 2% yesterday, and once again appears somewhat vulnerable to deepening in the next week or so, the consolidation since late December to the February low. Nevertheless, odds remain 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 sometime…

Coffee Daily Mar 6, 2024

Arabica Coffee (KC) gained roughly 2% yesterday, and 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…

Coffee Daily Mar 5, 2024

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…

Coffee Daily Mar 4, 2024

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…

Coffee Daily Mar 1, 2024

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…