Arabica Coffee (KC) Testing 38.2% Fib Retrace of May-July Rally
Arabica Coffee (KC) firmed yesterday as it tries to halt its week long profittaking, and closed at the 38.2% Fib retrace of the May-July rally. Significantly, after getting rejected at the 2019 high, KC is vulnerable to sliding further today, although its odds of falling back towards the uptrend support line (on the daily chart) are fairly low…Click here to read the full analysis of this market as well as on Cocoa, EURUSD
Arabica Coffee (ICE KC Sep19) Weekly/Daily/4hr
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