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

Website: http://tradablepatterns.com
FB: http://facebook.com/tradablepatterns
Stocktwits: http://stocktwits.com/TradablePatterns
Twitter: https://twitter.com/chu_darren
Linkedin: https://www.linkedin.com/in/darrenchu
YouTube: https://www.youtube.com/channel/UCCI1YG-qzDMWg6hzYd8D8kw
Google+: https://google.com/%2BTradablepatternscom

Email: info@tradablepatterns.com
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out