Arabica Coffee (KC) bounced 2% plus Friday with last week’s green weekly Hammer holding just above the July low. KC appears to be trying to halt the slide from the 2023 high in April, and is now only slightly vulnerable before month end to resuming its slide to the psychologically key 1.50 whole figure level and the 2023 low…
Arabica Coffee (KC) edged higher yesterday with its daily Gravestone holding just above the July low. Regardless of the length of this week’s red weekly candle body, KC appears to be trying to edge above the daily chart downchannel resistance…
Arabica Coffee (KC) edged lower yesterday with its red daily Doji retesting the July low. With the lengthening of this week’s red weekly candle body and another rejection at the daily chart downchannel resistance, KC now appears vulnerable to resuming its slide from the 2023 high to the psychologically key 1.50 whole figure level and the 2023 low…
Arabica Coffee (KC) slid almost 1.5% yesterday, retesting the July low. With the lengthening of this week’s red weekly candle body and yesterday’s rejection at the daily chart downchannel resistance, KC now appears vulnerable to resuming its slide from the 2023 high to the psychologically key 1.50 whole figure level and the 2023 low…
Arabica Coffee (KC) edged lower yesterday closing just above the June low. This week’s weekly Doji needs to turn back green to maintain early efforts at halting the slide from the 2023 high…
Arabica Coffee (KC) edged higher Friday closing back just above the June low. Last week’s green weekly Doji suggests early efforts at halting the slide from the 2023 high…
Arabica Coffee (KC) bounced almost 1% yesterday from just below the June low. The green weekly Doji trying to complete suggests early efforts at halting the slide from the 2023 high. Yesterday’s brief break above downchannel resistance (on the 4hr chart) dramatically increases odds of KC recapturing by mid July the March low and the 61.8% Fib retrace of the January to April bounce…
Arabica Coffee (KC) edged another 1% lower yesterday after reopening from the US Independence Day holiday. Although KC closed yesterday near the June low, the weekly Doji trying to form suggests traders may want to attempt this shortened week to halt the slide from the 2023 high…
Arabica Coffee (KC) edged up Monday on some short covering ahead of the US Independence Day holiday, suggesting traders may want to attempt this shortened week to halt the slide from the 2023 high. Any break above downchannel resistance (on the 4hr chart) today would coincide with KC recapturing the March low and the 61.8% Fib retrace of the January to April bounce…
Arabica Coffee (KC) edged up yesterday on some short covering ahead of the US Independence Day holiday, suggesting traders may want to attempt this shortened week to halt the slide from the 2023 high. Any break above downchannel resistance (on the 4hr chart) Wednesday would coincide with KC recapturing the March low and the 61.8% Fib retrace of the January to April bounce…
