Tag: Robusta Coffee

Arabica Coffee (KC) slid more than 1% Friday, closing further below triangle support (on the 4hr chart). KC appears to want to consolidate another few days following last week’s high…

Arabica Coffee (KC) slid more than 1.5% yesterday, closing below triangle support (on the 4hr chart). KC appears to want to further consolidate next week following last week’s high….

Arabica Coffee (KC) rebounded more than 1.5% yesterday, and appears to be in the advanced stages of its consolidation following last week’s high. Although KC closed yesterday below upchannel support (on the daily chart), it remains near the February high…

Arabica Coffee (KC) slid more than 2.5% yesterday, breaking below upchannel support (on the 4hr and daily chart) and closing near the February high. With the current weekly Gravestone failing to reclaim the psychologically key 2 whole figure level, odds are increasing for a further swing from Wednesday’s fresh 2023 high to upchannel support (on the weekly chart) by early May…

Arabica Coffee (KC) edged up 1% plus yesterday, firming near the February high. Any decisive bounce off upchannel support (on the 4hr and daily chart) in the next day or so would likely coincide with a retest of the psychologically key 2 whole figure level…

Arabica Coffee (KC) slid another 1% plus Friday, with the weekly Gravestone decisively rejected just above the psychologically key 2 whole figure level. Nevertheless, with last week’s selloff from Wednesday’s fresh 2023 high, KC is merely seeing healthy profittaking within the upchannel (on the weekly chart)….

Arabica Coffee (KC) slid more than 1% yesterday in its daily Doji after retesting the fresh 2023 high (formed Tuesday). Although further healthy profittaking is likely today after getting rejected yesterday at uptrend resistance (on the 4hr chart), KC isn’t likely to fall below this week’s low ahead of the weekend…

Arabica Coffee (KC) surged more than 2% yesterday, closing at a fresh 2023 high just above the psychologically key 2 whole figure level. Although some healthy profittaking is likely today as KC bumps up against uptrend resistance (on the 4hr chart), KC will likely see renewed bullish momentum later in the week with high odds for a test of upchannel resistance (on the daily chart) this week….