Coffee Daily Jan 17, 2024

Arabica Coffee (KC) rebounded more than 2% yesterday (after reopening from the US Martin Luther King Jr holiday), and appears to want to halt the consolidation from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level should find strong support on any further pullback to the December low…

Coffee Daily Jan 16, 2024

Arabica Coffee (KC) slid more than 2% Friday (ahead of the US Martin Luther King Jr holiday), vulnerable this week to deeper consolidation from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level should find strong support on any further pullback to the December low…

Coffee Daily Jan 10, 2024

Arabica Coffee (KC) bounced nearly 1.5% yesterday, trying to halt the consolidation from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level is only slightly vulnerable to materially extending this week, but should find strong support on any further pullback to the December low…

Coffee Daily Jan 9, 2024

Arabica Coffee (KC) slid more than 0.5% yesterday, closing at upchannel support (on the daily chart) after briefly breaking below it intraday. The healthy profittaking from near the psychologically key 2 whole figure level is only slightly vulnerable to materially extending this week, but should find strong support on any further pullback to the December low…