Arabica Coffee (KC) slid almost 1.5% Friday, closing shy of triangle resistance (on the daily chart). With KC still above the 50% Fib retrace of the July to August rally, it appears to have halted its slide from downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) rebounded more than 1% yesterday, closing near triangle resistance (on the daily chart). With KC back above the 38.2% Fib retrace of the July to August rally, it has all but halted its slide from downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) slid almost 2% yesterday, consolidating near triangle resistance (on the daily chart). With KC still above the 50% Fib retrace of the July to August rally, it is trying to halt its slide from downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) surged almost 2% yesterday, breaking above triangle resistance (on the daily chart). With KC reclaiming the 38.2% Fib retrace of the July to August rally, it appears to have halted its slide from downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) rebounded more than 2.5% yesterday, bouncing off triangle support (on the daily chart). With KC reclaiming the 50% Fib retrace of the July to August rally, it is trying to halt its slide from downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) edged more than 0.5% lower Friday, closing a 3rd straight day below triangle support (on the daily chart). With KC breaking below the 50% Fib retrace of the July to August rally, and firmly within the downchannel (on the weekly chart), KC is at moderately high risk of testing the psychologically key 2.00 whole figure level before month end…
Arabica Coffee (KC) rebounded more than 0.5% yesterday, closing a second day below triangle support (on the 4hr and daily chart). With KC retesting the 50% Fib retrace of the July to August rally, but still firmly within the downchannel (on the weekly chart), KC is at moderately high risk of testing the psychologically key 2.00 whole figure level before month end…
Arabica Coffee (KC) slid more than 2.5% yesterday, breaking triangle support (on the 4hr and daily chart). With KC closing below the 50% Fib retrace of the July to August rally, and firmly back within the downchannel (on the weekly chart), KC is at moderately high risk of testing the psychologically key 2.00 whole figure level before month end…
Arabica Coffee (KC) slid almost 2% yesterday, breaking triangle support (on the 4hr chart) and upchannel support (on the daily chart). With KC testing the 50% Fib retrace of the July to August rally, and firmly back within the downchannel (on the weekly chart), KC is at risk of a deeper consolidation the balance of September…
Arabica Coffee (KC) slid more than 1.5% yesterday, and is vulnerable to testing upchannel support (on the daily chart) this week as the triangle (on the 4hr chart) nears completion. Any break above the 4hr chart triangle resistance will dramatically increase the likelihood of extending the daily chart upchannel and breaking back above downchannel resistance (on the weekly chart)…
