Coffee Daily Aug 11, 2023

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…

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…