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…
Arabica Coffee (KC) edged higher Wednesday, closing ahead of the US Thanksgiving holiday once again above the psychologically key 175 whole figure level. Odds are elevated going into month end of a break above downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) edged higher yesterday, closing once again above the psychologically key 175 whole figure level. KC is poised to break above downchannel resistance (on the weekly chart) after last week’s brief break and yesterday’s reclaiming of the 61.8% Fib retrace of its slide from its 2023 high (formed April)…
Arabica Coffee (KC) edged lower with a daily Doji yesterday, closing just above the psychologically key 175 whole figure level. Nevertheless, with the break yesterday above downchannel resistance (on the weekly chart), it remains poised for a reclaiming of the 61.8% Fib retrace of its slide from its 2023 high (formed April)…
Arabica Coffee (KC) surged 4% plus yesterday, closing just below downchannel resistance (on the weekly chart) and the 61.8% Fib retrace of its slide from its 2023 high (formed April). Regardless of another day or so of healthy profittaking, with yesterday’s reclaiming of the psychologically key 175 whole figure level, KC remains moderately likely to retest the 2023 high by year end…
Arabica Coffee (KC) gave back nearly 3% Friday on healthy profittaking, closing the week with a red weekly Gravestone that failed to hold above downchannel resistance (on the weekly chart) and the 61.8% Fib retrace of its slide from its 2023 high (formed April). Nevertheless, after what will likely be another day or so of weakness, odds remain elevated for KC to firm and to attempt a reclaim of the psychologically key 175 whole figure level by late week…
