Arabica Coffee (KC) edged nearly 1% higher in yesterday’s first trading day of the year, trying to halt Friday’s healthy profittaking from near the psychologically key 2 whole figure level. Odds are elevated for a retest of December’s fresh 2023 high (on the March contract) by mid January…
Tag: RC_F
Coffee Daily Jan 2, 2024
Arabica Coffee (KC) slid near 5% in Friday’s final trading day of the year, with healthy profittaking kicking in after the 2023 fresh high the prior week just above the psychologically key 2 whole figure level. Nevertheless, odds are elevated for a retest of December’s fresh 2023 high (on the March contract) by early January…
Coffee Daily Dec 29, 2023
Arabica Coffee (KC) edged higher yesterday, but appears poised to consolidate in this year’s final trading day around the psychologically key 2 whole figure level. Nevertheless, odds are elevated for a retest of last Tuesday’s fresh 2023 high (on the March contract) by early January…
Coffee Daily Dec 28, 2023
Arabica Coffee (KC) gained another 1.5% plus yesterday, trying to extend the upchannel (on the 4hr and daily chart). Odds are elevated for a retest of last Tuesday’s fresh 2023 high (on the March contract) by early January…
Coffee Daily Dec 27, 2023
Arabica Coffee (KC) edged nearly 1% higher yesterday, trying to extend the upchannel (on the 4hr and daily chart). Odds are elevated for a retest of last Tuesday’s fresh 2023 high (on the March contract) by early January…
Coffee Daily Dec 22, 2023
Arabica Coffee (KC) bounced 1.5% plus yesterday, trying to avoid sliding back to upchannel support (on the 4hr and daily chart). Odds are elevated for a retest of Tuesday’s fresh 2023 high (on the March contract) before year end…
Coffee Daily Dec 21, 2023
Arabica Coffee (KC) surged a massive near 6% yesterday, closing at a fresh 2023 high (on the March contract). The continuous contract (as seen easier on a monthly contract tradingview.com) has lagged the March in its bullish performance, but is moderately and increasingly likely to form a fresh 2023 high by sometime in January…
Coffee Daily Dec 20, 2023
Arabica Coffee (KC) surged a massive near 6% yesterday, closing at a fresh 2023 high (on the March contract). The continuous contract (as seen easier on a monthly contract tradingview.com) has lagged the March in its bullish performance, but is moderately and increasingly likely to form a fresh 2023 high by sometime in January…
Coffee Daily Dec 19, 2023
Arabica Coffee (KC) edged nearly 1% higher yesterday, closing near its December high. Odds are now elevated for a test of the 2023 high (formed April on the March contract) by Xmas before consolidating going into year end…
Coffee Daily Dec 18, 2023
Arabica Coffee (KC) edged more than 0.5% lower yesterday, with a 2nd straight daily Doji hovering just shy of its 2023 high (formed April on the March contract). Nevertheless, the continuous contract (as seen easier on a monthly contract tradingview.com) does not appear likely to form a fresh 2023 high until at least sometime in January…