Arabica Coffee (KC) formed a daily Hammer yesterday, refusing to slide back to the September low of Monday. KC is now poised to break descending wedge resistance (on the weekly chart), and no longer appears likely to retest the 2023 low this month…
Tag: Robusta Coffee
Coffee Daily Sep 12, 2023
Arabica Coffee (KC) bounced nearly 3% yesterday from just above the August low. KC is now poised to break descending wedge resistance (on the weekly chart)…
Coffee Daily Sep 11, 2023
Arabica Coffee (KC) slid more than 0.5% Friday closing the week just shy of the August low. KC now appears moderately likely to swing one more time this week to descending wedge support (on the weekly chart)…
Coffee Daily Sep 8, 2023
Arabica Coffee (KC) slid more than 2.5% yesterday with the red weekly Doji trying to hold descending wedge support (on the weekly chart). KC will need a weekly weekly close above this month’s high to neutralize the slide from the April high…
Coffee Daily Sep 7, 2023
Arabica Coffee (KC) edged higher yesterday with the weekly Hammer testing descending wedge resistance (on the weekly chart). Any weekly close above the psychologically key 1.50 whole figure level will greatly neutralize the slide from the April high…
Coffee Daily Sep 6, 2023
Arabica Coffee (KC) bounced more than 1% yesterday with a weekly Hammer testing descending wedge resistance (on the weekly chart). Any weekly close above the psychologically key 1.50 whole figure level will greatly neutralize the slide from the April high…
Coffee Daily Sep 5, 2023
Arabica Coffee (KC) slid more than 1.5% Friday with last week’s weekly Hammer getting rejected at descending wedge resistance (on the weekly chart). KC appears to be at moderate risk of retesting the August low in this US Labor Day holiday-shortened week…
Coffee Daily Sep 4, 2023
Arabica Coffee (KC) slid more than 1.5% Friday with last week’s weekly Hammer getting rejected at descending wedge resistance (on the weekly chart). Once again, KC appears to be at risk of retesting the August low…
Coffee Daily Sep 1, 2023
Arabica Coffee (KC) edged more than 0.5% lower yesterday with its red daily Gravestone/Doji after briefly bumping against the July low. Nevertheless, the slide from the April high is in its mid-advanced stages, with a decent probability for more short covering going into early next week…
Coffee Daily Aug 31, 2023
Arabica Coffee (KC) gained almost 1.5% yesterday, closing just under the July low. The slide from the April high is now exhausting with a high probability for more short covering going into the weekend…