Arabica Coffee (KC) Consolidates Near 2021 High

Articles From: Tradable Patterns
Website: Tradable Patterns


CFA, Founder

Tradable Patterns

Arabica Coffee (KC) Consolidates Near 2021 High

Arabica Coffee (KC) formed a daily Doji yesterday, closing at prior upchannel resistance (on the daily chart).  Significantly, although KC is vulnerable to more consolidation today, KC remains within a few day’s volatility of retesting the 2021 high, with odds high for extending the weekly chart Bull Flag in the next week.  A higher October low versus the September low is all but assured, and would reinforce the bullishness of a higher September high and low versus the August high and low, and a higher October high than the September high.  Congratulations to readers who benefited from the July 24, 2020 report highlighting the growing momentum behind KC’s major bottoming efforts and again on Nov 13th. Note the gains in the 1 week since the July 16, 2021 alert of the looming Bull Flag Extension.  The weekly and daily RSI, Stochastics and MACD are rallying or consolidating recent gains.  I am flat after profitably closing longs yesterday, and am looking to re-enter long in the green zone of the daily chart (in the ~2.01-2.09 range), targeting the red zone (of the daily chart in the ~2.14-2.20 range) for Thursday.  The amber/yellow zone (in the ~1.92-1.98 range) is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

Click here for analysis on RAW SUGAR, SILVER

Sample of Today’s Top 3 Trades Available to Free Subscribers (published Apr 14, 2021)

Disclosure: Interactive Brokers

Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Tradable Patterns and is being posted with its permission. The views expressed in this material are solely those of the author and/or Tradable Patterns and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Disclosure: Futures Trading

Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at