Arabica Coffee (KC) Weekly Hammer Nears Key 1.2 Level

Arabica Coffee (KC) rebounded a massive 3% plus yesterday, reversing most of the weeks earlier losses. Significantly, KCs bounced off the 50% Fib retrace of the July rally, and has all but formed a higher August low (versus the July low), reinforcing the higher August high (versus the July high).Congratulations to readers who profited from the July 24th report highlighting the growing momentum behind KC's major bottoming efforts. KC has now reclaimed the 38.2% Fib retrace of the July rally, and is poised to retest the psychologically key 1.20 whole figure level next week. Bulls looking a month or so out are undoubtedly eyeing 1.25 and the March high. The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, 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 ~1.15-1.175 range, targeting the red zone (of the daily chart in the ~1.23-1.25 range) for Wednesday. The amber/yellow zone (in the ~1.11-1.135 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).


Arabica Coffee (KC) Weekly/Daily/4hr

KC (Arabica Coffee) Technical Analysis

Click hereto read todays technical analysis of Raw Sugar, Natural Gas

Mylatest Bitcoin biweekly commentary (published Aug 12)withICE Futures Singaporeis now available.

BTCUSD Gold Correlation

Coffee Daily

Get your coffee today? You can now enjoy your brew withCoffee Daily - Tradable Patterns' Arabica and Robusta Coffee Futures technical analysis newsletter,published Monday to Friday before the London open. Write toinfo@tradablepatterns.comfor pricing details and sample reports as of the July 13 launch, illustrating how the massive moves since were hinted through pattern recognition.

Coffee Daily

Equities & ETFs

Latest trades published forPremium MembersAug 13th.

Equities & ETFshas taken on a new format where it is now an Entries/Exits style service inspired by technical analysis on a collection of equities and ETFs.The 25 equities and ETFs initially profiled for their beaten down, trend reversal potential, between April 17 to May 22, 2020, have mostly ran up tremendously since then, and are assumed to be closed trades as of June 10th using the day's opening price.Congratulations to allPremium Memberswho profited from these long equity/ETF ideas soon after they were initially profiled.

I will look to explore newlong/shorttrade ideas on Equities & ETFs withPremium Memberswith a target of 5 multi-week to multi-month swing trades each month.Premium Membersalso have access to monthly and weekly chart technical analysis for 5 Equity/ETF markets each Saturday.

Join the world's largest asset manager and 3 of the world's 5 largest (and 5 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns' technical analysis.Since becoming available on Bloomberg, Refinitiv and FACTSET, readers have included every single one of the global top 10 investment banks. If you represent an institutional investor or potential distribution partner, write toinfo@tradablepatterns.comto request Bloomberg, Refinitiv and Factset readership reports.

Also seen onFT (Financial Times),Interactive Brokers,ICE Futures Singapore,Amazon, Zerohedge,CNA,Spotify,Liquid (Quoine),Tradable Patterns (https://tradablepatterns.com)publishes 4 newsletters:Today's Top 3 Trades,Equities & ETFs, Coffee DailyandCrypto Weekly Outlook.

Today's Top 3 Trades, Equities & ETFs, Coffee Daily, Crypto Weekly Outlook and all other Tradable Patterns content do not constitute an advisory and do not make recommendations, but can supplement your own analysis. Please do your own due diligence ahead of any trades.