Arabica Coffee (KC) slid another 1.5% plus Friday, closing further below the March low and the 61.8% Fib retrace of the January to April bounce. Regardless of the increasing odds for a few days of short covering in this shortened US Independence Day holiday week, KC remains vulnerable to extend by next week the downchannel (on the 4hr chart) and overshoot to the downside with a test of the psychologically key 1.50 whole figure level…
Arabica Coffee (KC) formed a daily Doji yesterday, and is near complete on a weekly Doji, suggesting a potential overshot to the downside with the fresh June low yesterday. Any monthly close above the March low and the 61.8% Fib retrace of the January to April bounce, will likely coincide with a break above downchannel resistance (on the 4hr chart)…
Arabica Coffee (KC) slid almost 3% yesterday, closing just above downchannel support (on the 4hr and daily chart). KC appears to have overshot to the downside with a fresh June low yesterday just below the March low and the 61.8% Fib retrace of the January to April bounce…
Arabica Coffee (KC) edged higher yesterday, closing just above descending wedge support (on the daily chart). KC appears to have overshot to the downside with it trying to bounce back from a fresh June low yesterday just below the March low…
Arabica Coffee (KC) edged higher yesterday, forming the 1st green daily candle in 6 days after closing at a fresh June low below the March low. KC appears to have overshot to the downside with it having slipped slightly below descending wedge support (on the daily chart) and the 61.8% Fib retrace of the January to April bounce…
Arabica Coffee (KC) slid more than 3% Friday, closing at a fresh June low below the March low. With KC decisively below the upchannel support (on the weekly chart), KC is no longer likely to reclaim the psychologically key 2 whole figure level and the 2023 high (formed in April) until at least August…
Arabica Coffee (KC) slid more than 3% yesterday, closing at a fresh June low below the May low. With KC decisively below the upchannel support (on the weekly chart), KC is now moderately likely to retest the March low by month end…
Arabica Coffee (KC) sunk more than 4% yesterday, closing at a fresh June low. With yesterday’s slide below the upchannel support (on the weekly chart), KC is now more likely to retest the March low by month end than it is to reclaim the psychologically key 2 whole figure level and the 2023 high (formed in April) in the same period…
Arabica Coffee (KC) pulled back more than 1% Friday as it hesitates on Wednesday’s bounce from a fresh June low. Nevertheless, KC remains moderately likely to form a higher June low versus the May low.
Arabica Coffee (KC) pulled back more than 1% Friday as it hesitates on Wednesday’s bounce from a fresh June low. Nevertheless, KC remains moderately likely to form a higher June low versus the May low…
