TradablePatterns
Long

Arabica Coffee (KC) Resuming Rally as USDX Toppish Near-Term

ICEUSA:KC1!   Coffee
After yesterday's late session rally, KC sits increasingly well positioned for a resumption of its uptrend. In my daily chart , you can see KC sitting at an uptrend support line (constituting the lower line of an ascending triangle ) that began in Jan 2014. My next key target is ascending triangle resistance, in the 207-213 zone. Crucially, the weekly and daily RSI , Stochastics and MACD are all trying to bottom, with the exception of the weekly MACD which still slopes down slightly. I'll continue watching for a near-term peaking of US Dollar Index             strength (as discussed in http://goo.gl/24p5qT) which will signal that USD-denominated commodities are ready to rally

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