Arabica Coffee (KC) edged more than 0.5% lower yesterday, arguably breaking intraday an uptrend off the July low as part of the major bottoming effort as can be seen easier on a monthly chart on tradingview.com. Despite the near complete red weekly Gravestone, last week’s green weekly candle spent some time above much of the price action of the prior 5 weekly candles, suggesting progress by KC in halting its slide from the 2023 high in April…
Tag: Robusta Coffee
Coffee Daily Aug 10, 2023
Arabica Coffee (KC) edged lower yesterday, arguably breaking an uptrend off the July low as part of the major bottoming effort as can be seen easier on a monthly chart on tradingview.com. With last week’s green weekly candle having spent some time above much of the price action of the prior 5 weekly candles, KC has made progress in trying to halt its slide from the 2023 high in April…
Coffee Daily Aug 9, 2023
Arabica Coffee (KC) slid more than 1.5% yesterday, retesting an uptrend off the July low as part of the major bottoming effort as can be seen easier on a monthly chart on tradingview.com. With last week’s green weekly candle having spent some time above much of the price action of the prior 5 weekly candles, KC has made progress in trying to halt its slide from the 2023 high in April…
Coffee Daily Aug 8, 2023
Arabica Coffee (KC) bounced more than 1.5% yesterday, continuing an uptrend off the July low as part of the major bottoming effort as can be seen easier on a monthly chart on tradingview.com. With last week’s green weekly candle having spent some time above much of the price action of the prior 5 weekly candles, KC has made progress in trying to halt its slide from the 2023 high in April…
Coffee Daily Aug 7, 2023
Arabica Coffee (KC) slid more than 2% Friday, closing at a fresh August low as part of the consolidation from the July high. Nevertheless, with last week’s green weekly candle having spent some time above much of the price action of the prior 5 weekly candles, KC has made progress in trying to halt its slide from the 2023 high in April…
Coffee Daily Aug 4, 2023
Arabica Coffee (KC) slid more than 1% yesterday, hesitating near the July high. Nevertheless, with the current green weekly candle on pace to close above much of the price action of the prior 5 weekly candles, KC has made progress in trying to halt its slide from the 2023 high in April…
Coffee Daily Aug 3, 2023
Arabica Coffee (KC) surged nearly 1.5% yesterday, pushing intraday just above the July high. With the current green weekly candle trying to exceed the price action of the prior 5 weekly candles, KC is making progress in trying to halt its slide from the 2023 high in April…
Coffee Daily Aug 2, 2023
Arabica Coffee (KC) formed a daily Doji yesterday, pushing intraday just above the July high. With the current green weekly candle trying to exceed the price action of the prior 3 weekly candles, KC once again appears like it is trying to halt its slide from the 2023 high in April…
Coffee Daily Aug 1, 2023
Arabica Coffee (KC) bounced more than 4% yesterday off just above the July low. With the current green weekly candle suddenly trying to exceed the price action of the prior 3 weekly candles, KC once again appears like it is trying to halt its slide from the 2023 high in April…
Coffee Daily Jul 31, 2023
Arabica Coffee (KC) slid more than 2% Friday, closing near the July low. With last week’s red weekly candle closing below the lower range of the bodies of the prior 3 weekly Hammers, KC once again appears poised to extend its slide from the 2023 high in April going into August…