Coffee Daily Mar 25, 2024

Arabica Coffee (KC) edged nearly 0.5% lower Friday, but remains positioned to complete the weekly chart Bull Flag consolidation since late December by month end. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…

Coffee Daily Mar 21, 2024

Arabica Coffee (KC) edged lower with a daily Doji yesterday, but is not likely to slide to a fresh March low by month end as suggested by the weekly Doji forming. Despite the weekly chart Bull Flag consolidation since late December still tilted slightly lower, odds remain moderate for another swing back to the March high sometime before month end…

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)…