Coffee Daily Feb 27, 2024

Arabica Coffee (KC) edged lower yesterday and is likely to extend the consolidation since late December going into Q2. With yesterday’s fresh February low, a reclaiming of the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level will likely have to defer until at least April…

Coffee Daily Feb 22, 2024

Arabica Coffee (KC) edged roughly 1% higher yesterday (on the May contract) but remains vulnerable to extending the consolidation since late December for at least another week. Any weekly close above the February high (although unlikely for this week) would dramatically increase the likelihood of a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly chart at tradingview.com) and the psychologically key 2 whole figure level in the week after…

Coffee Daily Feb 21, 2024

Arabica Coffee (KC) edged higher yesterday (on the May contract) following Monday’s US Presidents’ Day holiday, but remains vulnerable to extending the consolidation since late December for at least another week. Any weekly close above the February high though would dramatically increase the likelihood of a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly contract tradingview.com) and the psychologically key 2 whole figure level in the week after…

Coffee Daily Feb 20, 2024

Arabica Coffee (KC) edged nearly 1% higher Friday (on the May contract) ahead of yesterday’s US Presidents’ Day, but remains vulnerable to extending the consolidation since late December for at least another week. Any weekly close above the February high though would dramatically increase the likelihood of a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly contract tradingview.com) and the psychologically key 2 whole figure level in the week after…

Coffee Daily Feb 19, 2024

Arabica Coffee (KC) edged nearly 1% higher Friday (on the May contract) ahead of yesterday’s US Presidents’ Day, but remains vulnerable to extending the consolidation since late December for at least another week. Any weekly close above the February high though would dramatically increase the likelihood of a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly contract tradingview.com) and the psychologically key 2 whole figure level in the week after…

Coffee Daily Feb 16, 2024

Arabica Coffee (KC) bounced more than 1% yesterday (on the May contract), but remains vulnerable to extending the consolidation since late December for at least another week. Any weekly close above the February high will probably have to defer until sometime in March, and would dramatically increase the likelihood of a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly contract tradingview.com) and the psychologically key 2 whole figure level in the week after…

Coffee Daily Feb 15, 2024

Arabica Coffee (KC) slid more than 2.5% lower yesterday (on the May contract), and appears like it will have to extend the consolidation since late December for at least another week. Any weekly close above the February high and test of the psychologically key 2 whole figure level will probably have to defer until sometime in March…

Coffee Daily Feb 14, 2024

Arabica Coffee (KC) slid more than 1% lower yesterday, and appears like it will have to extend the consolidation since late December for at least another week. Any daily close at a fresh February high will dramatically increase the likelihood of a test of the psychologically key 2 whole figure level by sometime in the week following…