Arabica Coffee (KC) formed another daily Doji Friday near a fresh 2022 low, continuing to show early signs of trying to halt the slide from the August high. KC would need to bounce above last week’s high and the psychologically key 2 whole figure level to halt an extending of its fall before month end to the weekly chart descending wedge/downtrend support (near the 50% Fib of the June 2020 to February 2022 bull market)…
Tag: Robusta Coffee
Coffee Daily Oct 21, 2022
Arabica Coffee (KC) slid more than 0.5% yesterday to a fresh 2022 low but continues to show early signs of trying to halt the slide from the August high with yesterday’s daily Doji. KC would need to bounce above this week’s high and the psychologically key 2 whole figure level to halt an extending of its fall before month end to the weekly chart descending wedge/downtrend support (near the 50% Fib of the June 2020 to February 2022 bull market)…
Coffee Daily Oct 20, 2022
Arabica Coffee (KC) slid nearly 1.5% lower with a daily Hammer yesterday, but is showing early signs of trying to halt the slide from the August high with somewhat of a weekly Doji trying to form around the 2022 low. KC would need to bounce above this week’s high and the psychologically key 2 whole figure level to halt an extending of its fall before month end to the 50% Fib near 1.77, coinciding with the weekly chart descending wedge/downtrend support (near the 50% Fib of the June 2020 to February 2022 bull market)…
Coffee Daily Oct 19, 2022
Arabica Coffee (KC) edged lower with a daily Hammer yesterday, but is showing early signs of trying to halt the slide from the August high with a weekly Doji trying to form near the 2022 low. Nevertheless, with yesterday’s close below the psychologically key 2 whole figure level and the 38.2% Fib retrace of the June 2020 to February 2022 bull market (seen more easily on a monthly chart on tradingview.com), KC remains vulnerable to breaking the 2022 low this week…
Coffee Daily Oct 18, 2022
Arabica Coffee (KC) slid another 0.5% plus yesterday, but is showing early signs of trying to halt the slide from the August high with a weekly Doji trying to form. Nevertheless, with yesterday’s close below the psychologically key 2 whole figure level and the 38.2% Fib retrace of the June 2020 to February 2022 bull market (seen more easily on a monthly chart on tradingview.com), KC remains vulnerable to testing the 2022 low early this week…
Coffee Daily Oct 17, 2022
Arabica Coffee (KC) slid another near 3% Friday, closing decisively below descending triangle support (on the daily chart). With the weekly close below the psychologically key 2 whole figure level and the 38.2% Fib retrace of the June 2020 to February 2022 bull market (seen more easily on a monthly chart on tradingview.com), KC is vulnerable to testing the 2022 low early this week…
Coffee Daily Oct 14, 2022
Arabica Coffee (KC) slid another 3.5% plus yesterday, breaking descending triangle support (on the daily chart). Although a multi-day bounce could begin today off the psychologically key 2 whole figure level which coincides with the downtrend support (on the 4hr chart), KC is vulnerable to testing the weekly chart downchannel support by month end…
Coffee Daily Oct 13, 2022
Arabica Coffee (KC) formed a third straight daily Doji yesterday, nearing completion on the triangle (on the daily chart). KC remains vulnerable to extending its downchannel (on the weekly chart), retesting the 50% Fib retrace of the July to August rally…
Coffee Daily Oct 12, 2022
Arabica Coffee (KC) formed a third straight daily Doji yesterday, nearing completion on the triangle (on the daily chart). KC remains vulnerable to extending its downchannel (on the weekly chart), retesting the 50% Fib retrace of the July to August rally…
Coffee Daily Oct 11, 2022
Arabica Coffee (KC) formed a second straight daily Doji yesterday, closing near triangle support (on the daily chart). KC is vulnerable once again to extending its downchannel (on the weekly chart) after arguably edging below the 50% Fib retrace of the July to August rally…