
Raw sugar (SB) slid more than 2.5% yesterday, closing just below the April, May and June highs. The reversal from September’s 2023 high is gaining momentum as seen by yesterday’s break below upchannel support (on the daily chart)…
Arabica Coffee (KC) formed a daily Hammer yesterday, consolidating the bounce from just above the 2023 low. Any weekly close above the psychologically key 1.5 whole figure level will go a long way in halting a further slide to the weekly chart downtrend support (connecting the March and August lows)…
Raw sugar (SB) edged roughly 0.5% lower yesterday, closing just above the April, May and June highs. With the reversal from September’s 2023 high gaining momentum, a break below upchannel support (on the daily chart) appears imminent, and would dramatically increase the likelihood of testing the psychologically key 25 whole figure level in the week after….
New York Cocoa (CC) bounced nearly 2.5% yesterday, trying to reclaim upchannel support (on the daily and weekly chart). Whether CC closes on a daily basis above the psychologically key 3500 key whole figure level today will largely determine whether CC resumes its healthy profittaking before the weekend…