Coffee Daily Oct 31, 2023

Arabica Coffee (KC) slid another 1% plus yesterday, but may soon be halting the healthy profittaking from last week’s high as hinted by yesterday’s daily Doji and the weekly Doji trying to form. Odds are moderate for a resumption by late week of the 2 week plus rebound off just above the 2023 low and for a retest of downchannel resistance (on the weekly chart)…