Arabica Coffee (KC) edged lower yesterday but does not appear to have much more downside in its slide from the April high given yesterday’s daily Hammer. Regardless of Tuesday’s break above the 4hr chart downtrend resistance, odds are slightly higher for a test of the weekly chart upchannel support by sometime next week than it is for a reclaiming of the psychologically key 2 whole figure level and the May high before month end…
Arabica Coffee (KC) saw a near 1.5% pullback yesterday, consolidating the break Monday above the 4hr chart downchannel resistance. Nevertheless, KC appears to have halted the slide since the April high and remains poised for a test of the May high before month end…
Arabica Coffee (KC) bounced more than 3.5% yesterday, closing comfortably above the 4hr chart downchannel resistance. KC appears to have halted the slide since the April high and is suddenly near the May high….
Arabica Coffee (KC) edged lower Friday, getting rejected at the 4hr chart downchannel resistance. KC is increasingly vulnerable to extending the slide since the April high. In the unlikely event that KC breaks above the May high today, odds would dramatically increase for a reclaiming of the psychologically key 2 whole figure level sometime in May…
Arabica Coffee (KC) slid more than 1.5% yesterday, getting rejected at the 4hr chart downchannel resistance. KC is increasingly vulnerable to extending the slide since the April high. In the unlikely event that KC breaks above the May high today, odds would dramatically increase for a reclaiming of the psychologically key 2 whole figure level sometime in May…
Arabica Coffee (KC) edged lower yesterday, closing just below the 4hr chart downchannel resistance. RC is once again somewhat vulnerable to extending the slide since the April high…
Arabica Coffee (KC) rebounded more than 1% yesterday, and is once again making progress in halting the slide since the April high. Any break above the 4hr chart downchannel resistance today would make reclaiming the psychologically key 2 whole figure level more likely than testing the weekly chart upchannel support in May…
Arabica Coffee (KC) slid more than 2% yesterday, and is once again vulnerable to extending the slide since the April high. With KC failing yesterday to hold above the 4hr chart downchannel resistance, KC suddenly appears more likely to test the weekly chart upchannel support this week than to reclaim the psychologically key 2 whole figure level in the same period…
Arabica Coffee (KC) rebounded more than 2.5% Friday, making progress in halting the slide since the April high. As KC finds support near its February high and rebounds to the 4hr chart downchannel resistance, KC appears less likely to test the weekly chart upchannel support in May than it would be to reclaim the psychologically key 2 whole figure level in the same period…
Arabica Coffee (KC) edged lower yesterday, with the still green weekly Doji showing early signs of halting the consolidation from the April high. Although KC may see a bit more profittaking in the next day or so, KC is trying to find support near its February high….
