New York Cocoa (CC) surged a massive near 6% Friday (on the July contract) to a fresh 2024 and record high. Nevertheless, with last week’s 6th straight green weekly candle and Friday’s Hammer, odds are elevated for healthy consolidation this week back around the psychologically key 10k whole figure level…
Arabica Coffee (KC) edged lower with a daily Doji Friday (on the July contract) from Thursday’s fresh 2024 intraday 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 elevated for further healthy consolidation early week to below upchannel support (on the 4hr chart) after getting rejected around the August 2022 high…
Gold (GC) edged more than 0.5% higher Friday (on the June contract), appearing poised to retest the fresh 2024 and record high two Thursdays ago. Odds are now elevated for a Bull Flag extension by early May to upchannel resistance (on the weekly chart) and the psychologically key 2500 whole figure level…
Raw sugar (SB) edged higher with a daily Doji yesterday for its 1st green daily candle in 10 days. Despite yesterday’s bounce off Wednesday’s fresh 2024 low and the lowest level since January 2023, 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 with odds elevated for a test of the 50% Fib retrace of the April 2020 to March 2023 bull market top by month end…
New York Cocoa (CC) surged a massive 9.5% plus yesterday (on the July contract) to a fresh 2024 and record high. CC is all but certain to complete its 6th straight green weekly candle…
Arabica Coffee (KC) pulled back more than 3% yesterday (on the July contract) from a fresh 2024 intraday 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 elevated for further healthy consolidation going into early next week to below upchannel support (on the 4hr chart) after getting rejected around the August 2022 high…
Raw sugar (SB) slid another 1% plus yesterday for its 9th straight red daily candle. With yesterday’s fresh 2024 low at the lowest level since January 2023, 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) bounced more than 2.5% yesterday (on the July contract) after a bit of healthy profittaking from Monday’s fresh 2024 and record high. Nevertheless, bulls should be prepared for some further healthy consolidation back below the psychologically key 10k whole figure level going into early next week…
Arabica Coffee (KC) surged more than 4.5% 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 early next week with KC bumping up against what is arguably upchannel resistance (on the 4hr chart) and nearing the August 2022 high…
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…
