Cocoa Daily Mar 18, 2024

New York Cocoa (CC) surged a massive more than 8% Friday to another fresh 2024 and record high. With Friday’s burst above the weekly chart’s steeper upchannel resistance (connecting the February and March highs), and to the daily chart upchannel resistance, healthy consolidation is likely this week…

Cocoa Daily Mar 15, 2024

New York Cocoa (CC) surged more than 5% yesterday to another fresh 2024 and record high. With yesterday’s burst intraday to the weekly chart’s steeper upchannel resistance (connecting the February and March highs), and to the daily chart upchannel resistance, consolidation is likely going into next week…

Cocoa Daily Mar 14, 2024

New York Cocoa (CC) edged lower yesterday with its daily Gravestone after Tuesday’s fresh 2024 and record high. With yesterday’s hesitation just above the psychologically key 7k whole figure level at the weekly chart’s steeper upchannel resistance (connecting the February and March highs), a further short squeeze to the daily chart upchannel resistance by the weekend is unlikely…

Coffee Daily Mar 14, 2024

Arabica Coffee (KC) slid more than 1.5% yesterday, once again appearing moderately vulnerable to forming a fresh March low before month end. Any clawing back above the 4hr chart downchannel resistance though will neutralize the now slightly bearish tilt of the weekly chart Bull Flag consolidation since late December…