Robusta Coffee (RC) edged lower yesterday, closing around the daily chart upchannel support. The rejection of the weekly Gravestone at last Tuesday’s brief fresh 2023 intraday high hints at deeper consolidation going into next week…
Arabica Coffee (KC) slid nearly 2.5% yesterday to a fresh May low, closing below upchannel support (on the weekly chart). Although KC may firm today with it trying to bounce off the 4hr chart downchannel support and its original point of breakout in April above a prior triangle/downtrend resistance (on the weekly chart), odds are moderate now for the slide from the April high to extend in the next week to the March low…
Arabica Coffee (KC) edged lower Friday to the May low, closing below triangle support (on the daily chart). KC appears increasingly vulnerable to breaking upchannel support (on the weekly chart) and resuming the slide from the April high by month end…
Arabica Coffee (KC) edged lower Friday to the May low, closing below triangle support (on the daily chart). KC is now vulnerable to breaking upchannel support (on the weekly chart) and resuming the slide from the April high by month end….
Arabica Coffee (KC) slid almost 3% yesterday to near the May low, closing below triangle support (on the daily chart). KC is now vulnerable to breaking upchannel support (on the weekly chart) and resuming the slide from the April high by month end…
Arabica Coffee (KC) edged higher yesterday and should continue firming in the next day or so with last week’s halting of the slide from the April high. Any daily close before the weekend above triangle resistance (on the daily chart) will dramatically increase the likelihood of a test of the psychologically key 2 whole figure level and the May high before month end…
Arabica Coffee (KC) slid almost 1% yesterday, but should be firming in the next day or so with last week’s halting of the slide from the April high. Any break before the weekend above triangle resistance (on the daily chart) will dramatically increase the likelihood of a test of the psychologically key 2 whole figure level and the May high before month end…
Arabica Coffee (KC) slid almost 1.5% yesterday on profittaking, but appears nevertheless to have halted the slide from the April high. A test of the weekly chart upchannel support before month end is now less likely than a reclaiming of the psychologically key 2 whole figure level and the May high during the same period…
Arabica Coffee (KC) surged almost 3% Friday, halting the slide from the April high. A test of the weekly chart upchannel support sometime this week is now less likely than a reclaiming of the psychologically key 2 whole figure level and the May high before month end…
Arabica Coffee (KC) edged higher yesterday, closing at the 4hr chart downtrend resistance. KC does not appear to have much more downside in its slide from the April high given yesterday’s second straight daily Hammer…
