Arabica Coffee (KC) slid almost 2% yesterday, breaking triangle support (on the 4hr chart) and upchannel support (on the daily chart). With KC testing the 50% Fib retrace of the July to August rally, and firmly back within the downchannel (on the weekly chart), KC is at risk of a deeper consolidation the balance of September…
Arabica Coffee (KC) slid more than 1.5% yesterday, and is vulnerable to testing upchannel support (on the daily chart) this week as the triangle (on the 4hr chart) nears completion. Any break above the 4hr chart triangle resistance will dramatically increase the likelihood of extending the daily chart upchannel and breaking back above downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) bounced almost 3% Friday, closing near triangle resistance (on the 4hr chart) and back above the psychologically key 2.25 whole figure level. With KC having rebounded from just above upchannel support (on the daily chart), and last week’s weekly Hammer closing at downchannel resistance (on the weekly chart), odds are elevated for a test of the August high this month…
Arabica Coffee (KC) edged lower yesterday, closing just above triangle support (on the 4hr chart) and upchannel support (on the daily chart). The broader Bull Flag consolidation (on the weekly chart) that began in December (and seen more easily on a monthly chart on tradingview.com) is unlikely to complete before November…
Arabica Coffee (KC) slid more than 3% yesterday, closing back below downchannel resistance (on the weekly chart). Despite being near a 2 week low, KC remains vulnerable to testing triangle support (on the 4hr chart) and uptrend support (on the daily chart) before the weekend…
Arabica Coffee (KC) edged higher yesterday, showing early signs of halting the week plus consolidation since the August high with a weekly Doji beginning to form at a downchannel resistance (on the weekly chart). Although KC has slid back into an upchannel (on the 4hr chart), it does not appear ready to drift back to uptrend support (on the daily chart)…
Arabica Coffee (KC) slid more than 1.5% Friday, closing near downchannel resistance (on the weekly chart connecting the February and June highs). With KC back in the upchannel (on the 4hr chart), odds are moderately high for a test of upchnannel support sometime this week…
Arabica Coffee (KC) slid more than 1.5% Friday, closing near downchannel resistance (on the weekly chart connecting the February and June highs). With KC back in the upchannel (on the 4hr chart), odds are moderately high for a test of upchnannel support sometime this week…
Arabica Coffee (KC) consolidated yesterday for a 6th straight day after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
Arabica Coffee (KC) consolidated yesterday for a 5th straight day after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
