Arabica Coffee (KC) soared more than 3% yesterday, closing at a fresh 2024 high. KC has broken above the weekly chart Bull Flag consolidation resistance since late December, and is poised to reclaim the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level by next week sometime…
Tag: Robusta Coffee
Coffee Daily Apr 2, 2024
Arabica Coffee (KC) rebounded more than 1.5% yesterday on the first day of Q2 after reopening from the Good Friday long weekend. KC is well positioned to complete the weekly chart Bull Flag consolidation since late December by next week…
Coffee Daily Mar 28, 2024
Arabica Coffee (KC) surged more than 1% yesterday, and is positioned to complete the weekly chart Bull Flag consolidation since late December by early April. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…
Coffee Daily Mar 27, 2024
Arabica Coffee (KC) surged more than 1% yesterday, and is positioned to complete the weekly chart Bull Flag consolidation since late December by early April. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…
Coffee Daily Mar 26, 2024
Arabica Coffee (KC) edged nearly 0.5% higher yesterday, and is increasingly positioned to complete the weekly chart Bull Flag consolidation since late December by month end. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…
Coffee Daily Mar 25, 2024
Arabica Coffee (KC) edged nearly 0.5% lower Friday, but remains positioned to complete the weekly chart Bull Flag consolidation since late December by month end. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…
Coffee Daily Mar 22, 2024
Arabica Coffee (KC) gained more than 1.5% yesterday, and has once again positioned the weekly chart Bull Flag consolidation since late December for a completion by month end. Odds are now moderate for another swing back to the March high sometime before month end…
Coffee Daily Mar 21, 2024
Arabica Coffee (KC) edged lower with a daily Doji yesterday, but is not likely to slide to a fresh March low by month end as suggested by the weekly Doji forming. Despite the weekly chart Bull Flag consolidation since late December still tilted slightly lower, odds remain moderate for another swing back to the March high sometime before month end…
Coffee Daily Mar 19, 2024
Arabica Coffee (KC) edged more than 0.5% lower yesterday, closing the week near triangle support (on the weekly chart). The weekly chart Bull Flag consolidation since late December appears it will now need at least another month before potentially resolving to the upside…
Coffee Daily Mar 18, 2024
Arabica Coffee (KC) edged nearly 0.5% lower Friday, closing the week near triangle support (on the weekly chart). KC is still arguably slightly bearish in its weekly chart Bull Flag consolidation since late December…