Coffee Daily Jan 31, 2024

Arabica Coffee (KC) gained more than 2.5% yesterday after bumping up intraday against triangle resistance (on the daily chart). KC is poised to extend by the weekend a Bull Flag (on the weekly chart) to the psychologically key 2 whole figure level, and to test the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly contract tradingview.com) by next week sometime…

Coffee Daily Jan 26, 2024

Arabica Coffee (KC) slid another more than 1% yesterday after getting rejected Wednesday at triangle resistance (on the daily chart). Nevertheless, with Tuesday’s break above the near month long downchannel resistance (on the 4hr chart), KC appears like it’ll try by next week sometime to resume a Bull Flag (on the weekly chart)…