Arabica Coffee (KC) slid more than 2% yesterday after bumping up against triangle resistance (on the daily chart). Nevertheless, KC remains poised to attempt this week to resume a Bull Flag (on the weekly chart)…
Tag: Robusta Coffee
Coffee Daily Jan 29, 2024
Arabica Coffee (KC) surged more than 3.5% Friday, closing just shy of triangle resistance (on the daily chart). With Friday’s close back above the near month long downchannel resistance (on the 4hr chart), KC appears like it’ll try early week to resume a Bull Flag (on the weekly chart)…
Coffee Daily Jan 26, 2024
Arabica Coffee (KC) slid another more than 1% yesterday after getting rejected Wednesday at triangle resistance (on the daily chart). Nevertheless, with Tuesday’s break above the near month long downchannel resistance (on the 4hr chart), KC appears like it’ll try by next week sometime to resume a Bull Flag (on the weekly chart)…
Coffee Daily Jan 25, 2024
Arabica Coffee (KC) edged higher yesterday with a daily Hammer closing at triangle resistance (on the daily chart). KC has ended the near month long downchannel (on the 4hr chart) and appears poised to resume a Bull Flag (on the weekly chart)…
Coffee Daily Jan 24, 2024
Arabica Coffee (KC) edged higher yesterday with a daily Hammer closing at triangle resistance (on the daily chart). KC has ended the near month long downchannel (on the 4hr chart) and appears poised to resume a Bull Flag (on the weekly chart)…
Coffee Daily Jan 23, 2024
Arabica Coffee (KC) surged nearly 4% yesterday, halting the month plus consolidation from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level found support around the December low…
Coffee Daily Jan 22, 2024
Arabica Coffee (KC) surged nearly 3% Friday, making good progress in halting the month plus consolidation from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level appears to have found support around the December low…
Coffee Daily Jan 19, 2024
Arabica Coffee (KC) edged up with its daily Hammer yesterday, showing early signs of trying to halt the month plus consolidation from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level appears to be finding support around the December low…
Coffee Daily Jan 18, 2024
Arabica Coffee (KC) slid more than 3% yesterday, remaining vulnerable to extending the consolidation the balance of this week from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level should find strong support on any further pullback to the December low…
Coffee Daily Jan 17, 2024
Arabica Coffee (KC) rebounded more than 2% yesterday (after reopening from the US Martin Luther King Jr holiday), and appears to want to halt the consolidation from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level should find strong support on any further pullback to the December low…