Arabica Coffee (KC) formed a daily Doji yesterday after bumping up against the July low. Although the slide from the April high may be exhausting with a moderate probability for further short covering going into early next week, KC remains vulnerable to testing the 2023 low by late next week with KC still below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) rebounded more than 2.5% yesterday off just above the psychologically key 1.50 whole figure level. Although the slide from the April high may be exhausting with a moderate probability for further short covering in the next few days, KC remains vulnerable to testing the 2023 low by next week with KC still below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) slid more than 0.5% yesterday, closing just above the psychologically key 1.50 whole figure level. Although the slide from the August high may be exhausting with a moderate probability for short covering in the next few days, KC remains vulnerable to testing the 2023 low by next week with KC firmly below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) formed a daily Gravestone yesterday, briefly reclaiming the prior downchannel support (on the daily chart), suggesting the slide from the August high may be exhausting. Nevertheless, despite the moderate probability for further short covering in the next few days, KC remains vulnerable to testing the 2023 low by next week…
Arabica Coffee (KC) edged higher Friday with the 4th straight daily Doji/Hammer near downtrend support (on the daily chart) suggesting the slide from the August high may be exhausting. Nevertheless, despite the moderate probability for short covering early this week, KC remains vulnerable to testing the 2023 low by late week…
Arabica Coffee (KC) edged more than 1% lower yesterday with its red daily Hammer bouncing off downtrend support (on the daily chart). Although KC may see a bit of short covering going into early next week, it remains vulnerable to testing the 2023 low by next week sometime…
Arabica Coffee (KC) edged lower yesterday with a red daily Doji at downtrend support (on the daily chart). Although KC may see a bit of short covering in the next day or so, it remains vulnerable to testing the 2023 low by month end…
Arabica Coffee (KC) slid another more than 1% yesterday, and is now likely to test the 2023 low by month end. Despite testing what is arguably descending wedge support (on the daily chart), odds are elevated for a weekly close below the psychologically key 1.50 whole figure level, particularly with the red monthly candle extending below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) slid a massive 4% plus yesterday, breaking below the July low and is now likely to test the 2023 low by month end. Odds are suddenly elevated for a weekly close below the psychologically key 1.50 whole figure level, particularly with the red monthly candle extending below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) slid more than 1% Friday, breaking a 3 week uptrend off the July low as part of the major bottoming effort as can be seen easier on a monthly chart on tradingview.com. KC is suddenly back to near its July low, with moderate odds for a lower August low versus the July low…
