Sugar Daily Jun 28, 2024

Raw sugar (SB) surged more than 3.5% yesterday, forming a fresh June high (on the October contract). With SB having rebounded from the 2024 low to above the May high and the psychologically key 20 whole figure level, a break of descending wedge resistance (on the weekly chart) by early July is likely…

Cocoa Daily Jun 26, 2024

New York Cocoa (CC) edged more than 1% lower yesterday (on the September contract) with the daily Hammer reversing from the around the 50% Fib retrace of the January to April bull market extension. Nevertheless, CC remains at moderate risk of unravelling the bounce from the May low by early July…