Arabica Coffee (KC) slid almost 1.5% yesterday, with the red weekly Doji suggesting moderate risk of testing by next week sometime, the weekly chart upchannel support. Conversely if KC finds support near its February high and rebounds before the weekend above the 4hr chart downhannel resistance, odds will dramatically increase of reclaiming the psychologically key 2 whole figure level in the week after…
Arabica Coffee (KC) edged higher Friday, completing a weekly Doji just below the psychologically key 1.75 whole figure level. Although KC may resolve today to the downside in the 4hr chart triangle, odds appear higher for an upside breakout…
Arabica Coffee (KC) edged almost 1% higher yesterday, closing near descending wedge/triangle resistance (on the daily chart). With KC testing another weekly chart descending wedge resistance line, a higher December low versus the November low is increasingly and rather likely, which if successful and reinforced by a higher December high versus the November high, would dramatically increase odds that a major bottom has been made within the consolidation since February…
Arabica Coffee (KC) slid another near 1% yesterday, closing below descending wedge/downtrend support (on the weekly chart). Odds are roughly equal for KC to test the psychologically key 1.50 whole figure level ahead of the weekend as it is for KC to rebound above downtrend resistance (on the 4hr and daily chart) in the same period…
Arabica Coffee (KC) slid more than 0.5% Friday in its consolidation just above descending wedge/downtrend support (on the weekly chart) and descending wedge resistance (on the daily chart). KC is likely to decisively extend in the next day or so, the break Friday above the 4hr chart downchannel resistance…
