Arabica Coffee (KC) surged a stunning 5% plus yesterday, closing at the highest level since June. With KC decisively breaking above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
Tag: RC_F
Coffee Daily Aug 24, 2022
Arabica Coffee (KC) surged another near 3% yesterday, reversing most of the losses since the beginning of July. With KC decisively breaking above triangle resistance (on the daily chart), odds are suddenly elevated for a break of downchannel resistance (on the weekly chart connecting the February and June highs) by month end…
Coffee Daily Aug 23, 2022
Arabica Coffee (KC) rebounded a massive near 4% yesterday, reversing most of last week’s losses. With KC briefly breaking above triangle resistance (on the daily chart) after sliding slightly below the same triangle’s support Friday, odds are suddenly high for a test of the downtrend resistance (on the weekly chart connecting the February and June highs) by early September…
Coffee Daily Aug 22, 2022
Arabica Coffee (KC) tried halting the week long slide Friday after briefly breaking below triangle support (on the daily chart). If KC resumes last week’s slide today, odds will rise dramatically for a retest before month end of the August low…
Coffee Daily Aug 19, 2022
Arabica Coffee (KC) slid more than 1% yesterday, gearing up for a volatility surge as the daily chart triangle nears completion. With this week’s slide, odds have risen dramatically for a retest before month end of the August low…
Coffee Daily Aug 18, 2022
Arabica Coffee (KC) slid almost 1% yesterday, gearing up for a volatility surge as the daily chart triangle nears completion. Regardless, KC is moderately likely to test in August the downtrend resistance line (on the weekly chart) connecting the February and June highs…
Coffee Daily Aug 17, 2022
Arabica Coffee (KC) slid more than 2.5% yesterday after getting rejected by triangle resistance (on the daily chart). Regardless, KC remains near the highest level in a month, with odds elevated for a test in August of the downtrend resistance line (on the weekly chart) connecting the February and June highs…
Coffee Daily Aug 16, 2022
Arabica Coffee (KC) saw a bit of healthy consolidation yesterday, hesitating near triangle resistance (on the daily chart). With KC suddenly near the highest level in a month, odds are elevated for a weekly close in August above the downtrend resistance line (on the weekly chart) connecting the February and June highs…
Coffee Daily Aug 15, 2022
Arabica Coffee (KC) gained another more than 1% Friday, closing at triangle resistance (on the daily chart). With KC suddenly at the highest level in a month, odds are elevated for a weekly close in August above the downtrend resistance line (on the weekly chart) connecting the February and June highs…
Coffee Daily Aug 12, 2022
Arabica Coffee (KC) gained another more than 1.5% yesterday, closing above triangle resistance (on the 4hr chart). With KC suddenly at the highest level in a month, KC no longer appears at risk of retesting the psychologically key 2 whole figure level…