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 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…