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Arabica Coffee (KC) Daily MACD Trying to Positively Cross


CFA, Founder Tradable Patterns

Arabica Coffee (KC) edged almost 1% higher yesterday, and is in the advanced stages of consolidating Tuesday’s break above triangle resistance (on the 4hr and daily chart).  Significantly, with Robusta Coffee (RC) likely to form a fresh 2021 high by next week sometime, KC is poised to play a bit of catch up and strengthen its bounce off the 38.2% Fib retrace of the November to July rally extension.  Any fresh August high before month end will dramatically increase the likelihood of KC retesting its 2021 high in September.  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 bottomish or rallying.  I am long as of yesterday at 1.8801 although if I were flat, I’d look to enter long in the green zone of the daily chart (in the ~1.75-1.87 range), targeting the red zone (of the daily chart in the ~1.94-2.02 range) for Thursday.  The amber/yellow zone (in the ~1.62-1.73 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 COCOA, VIX 

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

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