Raw sugar (SB) slid nearly 1.5% yesterday and has now completed 8 straight red daily candles. With SB at a fresh 2024 low below the December low, SB has decisively broken the upchannel support connecting the lows of 2020 and 2023 as can be seen on a monthly continuous chart on tradingview.com…
New York Cocoa (CC) reversed a massive 7% plus (on the July contract) from Monday’s fresh 2024 and record high. Bulls should be prepared for some further healthy consolidation going into the weekend with yesterday’s slide below the psychologically key 10k whole figure level…
Arabica Coffee (KC) edged higher yesterday (on the July contract) to a fresh 2024 high. Although bullish momentum can be expected to remain strong over the next few months (as seen easier on a monthly chart at tradingview.com), odds are rising for healthy consolidation to kick in by late week with KC bumping up against what is arguably upchannel resistance (on the weekly and daily chart)…
Raw sugar (SB) slid more than 1.5% yesterday and has now completed 7 straight red daily candles. With SB at a fresh 2024 low near the December low, SB has decisively broken the upchannel support connecting the lows of 2020 and 2023 as can be seen on a monthly continuous chart on tradingview.com…
New York Cocoa (CC) edged another near 1% higher yesterday (on the July chart) to a fresh 2024 and record high. Nevertheless, bulls should be prepared for some healthy consolidation this week with the weekly Doji trying to form likely to limit any downside this week to the psychologically key 10k whole figure level…
Arabica Coffee (KC) surged more than 3% yesterday (on the May contract) with the intraday high just shy of Friday’s fresh 2024 high. Although bullish momentum can be expected to remain strong over the next few months (as seen easier on a monthly chart at tradingview.com), odds are rising for healthy consolidation to kick in by mid week with KC bumping up against what is arguably upchannel resistance (on the weekly and daily chart)…
Raw sugar (SB) slid more than 6 straight days Friday, closing around the 2024 low after briefly breaking below it intraday. SB has broken the upchannel support connecting the lows of 2020 and 2023 as can be seen on a monthly continuous chart on tradingview.com, with odds elevated for a fresh 2024 daily closing low this week…
New York Cocoa (CC) surged a massive near 6% Friday (on the July chart) to a fresh 2024 and record high. Nevertheless, bulls should be prepared for some healthy consolidation early week with initial support at the psychologically key 10k whole figure level…
Arabica Coffee (KC) surged nearly 2% Friday (on the May contract) to a fresh 2024 high. Nevertheless, KC appears ready for some healthy consolidation within its weekly chart Bull Flag after reversing sharply from Friday’s peak that overshot above upchannel resistance (on the weekly and daily chart)…
The VIX (VX) surged more than 8% Friday (on the May contract), at one point breaking above the February high. The VX is trying to form a higher April low versus the March low, and is in the process of completing a major bottom (as can be seen more easily on a monthly chart on tradingview.com)…
