Arabica Coffee (KC) is edging higher today and appears likely to test downchannel resistance (on the daily chart) by the weekend. With last week’s weekly Doji recovering from the May low and the current weekly candle trying to close above upchannel support (on the weekly chart), odds are decent for another test of the psychologically key 2 whole figure level sometime in June….
Arabica Coffee (KC) bounced more than 1.5% yesterday and is once again trying to halt the downchannel (on the daily chart). With last week’s weekly Doji recovering from the May low and the weekly close around upchannel support (on the weekly chart), odds are decent for another test of downchannel resistance (on the daily chart) before the weekend…
Arabica Coffee (KC) slid 1.5% Friday after getting rejected at downchannel resistance (on the daily chart). Nevertheless, with last week’s weekly Doji recovering from the May low and the weekly close around upchannel support (on the weekly chart), odds are decent for another test of downchannel resistance (on the daily chart) sometime this week…
Arabica Coffee (KC) bounced nearly 2.5% yesterday, gaining for a second day off the May low. KC has suddenly reclaimed upchannel support (on the weekly chart), and is increasingly likely to test downchannel resistance (on the daily chart) by next week sometime, with the original point of breakout in April above a prior triangle/downtrend resistance (on the weekly chart) serving as key support and reducing the likelihood of a further slide from the April high in the next week to the March low…
Robusta Coffee (RC) edged lower yesterday, closing around the daily chart upchannel support. The rejection of the weekly Gravestone at last Tuesday’s brief fresh 2023 intraday high hints at deeper consolidation going into next week…
Arabica Coffee (KC) slid nearly 2.5% yesterday to a fresh May low, closing below upchannel support (on the weekly chart). Although KC may firm today with it trying to bounce off the 4hr chart downchannel support and its original point of breakout in April above a prior triangle/downtrend resistance (on the weekly chart), odds are moderate now for the slide from the April high to extend in the next week to the March low…
Arabica Coffee (KC) edged lower Friday to the May low, closing below triangle support (on the daily chart). KC appears increasingly vulnerable to breaking upchannel support (on the weekly chart) and resuming the slide from the April high by month end…
Arabica Coffee (KC) edged lower Friday to the May low, closing below triangle support (on the daily chart). KC is now vulnerable to breaking upchannel support (on the weekly chart) and resuming the slide from the April high by month end….
Arabica Coffee (KC) slid almost 3% yesterday to near the May low, closing below triangle support (on the daily chart). KC is now vulnerable to breaking upchannel support (on the weekly chart) and resuming the slide from the April high by month end…
Arabica Coffee (KC) edged higher yesterday and should continue firming in the next day or so with last week’s halting of the slide from the April high. Any daily close before the weekend above triangle resistance (on the daily chart) will dramatically increase the likelihood of a test of the psychologically key 2 whole figure level and the May high before month end…
