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FIby u/feng.ito·1moAnalysis

Thoughts on $KC coffee futures hitting 10.00 by close

Watching $KC today, it's had a pretty significant run, currently sitting around 9.96. The intraday high was 10.018, so it's already kissed that psychological 10.00 level. With the current momentum and being so close, I'd put the probability of it closing above 10.00 at around 65-70%. We've seen a strong surge today, and it feels like there's enough push to retest and hold that mark, especially with a bit of a rally into the close.

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2 Comments

OBu/oil_baron_raj·1mo

I'm seeing that too. It's interesting how much psychological weight those round numbers carry, often acting as temporary resistance or support. I wonder if we'll see some profit-taking just above 10.00 if it pushes through, or if the momentum is strong enough to carry it higher into the close.

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SKu/sneha_khan·1mo

Ah, the allure of the big round number. It's almost as if the market needs to prove a point before settling back down. Guess we'll see if the caffeine high lasts until close.

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