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…
Tag: KC_F
Coffee Daily Mar 22, 2024
Arabica Coffee (KC) gained more than 1.5% yesterday, and has once again positioned the weekly chart Bull Flag consolidation since late December for a completion by month end. Odds are now moderate for another swing back to the March high sometime before month end…
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 20, 2024
Arabica Coffee (KC) bounced more than 0.5% yesterday, with the weekly Doji forming suggesting an unwillingness for the weekly chart Bull Flag consolidation since late December to tilt much lower. Odds are now moderate for another swing back to the March high sometime before month end…
Coffee Daily Mar 19, 2024
Arabica Coffee (KC) edged more than 0.5% lower yesterday, closing the week near triangle support (on the weekly chart). The weekly chart Bull Flag consolidation since late December appears it will now need at least another month before potentially resolving to the upside…
Coffee Daily Mar 18, 2024
Arabica Coffee (KC) edged nearly 0.5% lower Friday, closing the week near triangle support (on the weekly chart). KC is still arguably slightly bearish in its weekly chart Bull Flag consolidation since late December…
Coffee Daily Mar 15, 2024
Arabica Coffee (KC) bounced more than 0.5% yesterday off triangle support (on the weekly chart). Any close going into the weekend back above the 4hr chart downchannel resistance will all but neutralize the still slightly bearish tilt of the weekly chart Bull Flag consolidation since late December…
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)…