Arabica Coffee (KC) rebounded more than 1% yesterday, retesting the 61.8% Fib retrace of its slide from its 2023 high (formed April) after bouncing off the psychologically key 175 whole figure level. Odds are moderate for a retest of the 2023 high by year end…
Arabica Coffee (KC) slid a massive more than 4.5% yesterday, closing once again below the 61.8% Fib retrace of its slide from its 2023 high (formed April) to near the psychologically key 175 whole figure level. Nevertheless, odds remain moderate for a retest of the 2023 high by year end…
Arabica Coffee (KC) rebounded nearly 2.5% yesterday, with the weekly Hammer forming trying to reclaim the 76.4% Fib retrace of its slide from its 2023 high (formed April). With this week’s low holding at the psychologically key 175 whole figure level, odds are moderate for a retest of the 2023 high by year end…
Arabica Coffee (KC) slid more than 2.5% yesterday, finding support on its daily Hammer near the 61.8% Fib retrace of its slide from its 2023 high (formed April) just above the psychologically key 175 whole figure level. Although odds are moderate for KC to slide further in the next few days to upchannel support (on the 4hr chart), KC is unlikely to fall and stay below downchannel resistance (on the weekly chart) for more than a week or so…
Arabica Coffee (KC) edged lower Friday with a daily Doji/Hammer, hesitating after overshooting above upchannel resistance (on the 4hr chart). Regardless of any further healthy consolidation early week, odds are fairly low this week for a slide back to the 4hr chart upchannel support…
Arabica Coffee (KC) soared a massive near 7% yesterday after reclaiming the psychologically key 175 whole figure level. KC is suddenly testing the 76.4% Fib retrace of its slide from its 2023 high (formed April) and comfortably above downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) edged lower yesterday with its daily Hammer, but remains poised to retest the psychologically key 175 whole figure level by the weekend. With KC back above the 50% Fib retrace of its slide from its 2023 high (formed April), there is a rising and moderate probability for a test of downchannel resistance (on the weekly chart) by mid December…
Arabica Coffee (KC) surged more than 2% yesterday, testing briefly the psychologically key 175 whole figure level. Odds are elevated for a weekly close above the 50% Fib retrace of its slide from its 2023 high (formed April), with a rising and moderate probability for a test of downchannel resistance (on the weekly chart) by mid December…
Arabica Coffee (KC) edged higher yesterday, and appears to be gearing up for a retest this week of the psychologically key 175 whole figure level. Any weekly close above the 50% Fib retrace of its slide from its 2023 high (formed April) will dramatically increase odds for a test of downchannel resistance (on the weekly chart) in the month after…
Arabica Coffee (KC) edged lower Friday, with a 3rd straight weekly Gravestone rejected near the psychologically key 175 whole figure level. Any break above downchannel resistance (on the weekly chart) now appears more likely to defer until at least January…
