Gold (GC) is trying to halt the slide from the August high but remains vulnerable to drifting back to the 2022 low (formed in July). Any break though above descending wedge resistance (on the 4hr chart) ahead of the weekend will dramatically increase odds for a weekly close above descending wedge resistance (on the weekly chart) sometime in September…
Arabica Coffee (KC) edged lower yesterday consolidating for a 4th straight daily Gravestone or Doji after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
Nasdaq100 (NQ)’s Dead Cat Bounce appears to have ended at the 50% Fib retrace of the January to June slide, giving back roughly half of the late June to mid August rebound. Although the Nasdaq100 (NQ) is trying to form a weekly Doji, attempting to halt the slide from the August high, NQ is unlikely before Friday to reclaim last week’s high…
Arabica Coffee (KC) edged lower yesterday consolidating for a third straight Gravestone or Doji after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
Corn (ZC) is consolidating just above triangle resistance (on the daily chart) to start the week, testing the highest level since July. With ZC having reclaimed the 50% Fib retrace of the May to July slide, ZC appears to be gearing up for a retest of the 2022 high before year end…
Arabica Coffee (KC) edged lower Friday consolidating for a second straight Gravestone or Doji after 3 strong consecutive up days. With KC near the highest level since June, and having decisively broke above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
TOP50’sTOP10 (MATICUSD, ATOMUSD, BNBUSD, ETHUSD, AVAXUSD, XTZUSD, DOTUSD, SOLUSD, FTTUSD, BTCUSD)
Cocoa (CC) gained another almost 1% yesterday, closing near triangle resistance (on the daily chart). With the weekly Hammer having refused Wednesday to slide back to the 2022 low, CC is making progress in forming its major bottom…
Arabica Coffee (KC) formed a daily Gravestone yesterday after 3 strong consecutive up days. With KC near the highest level since June, and having decisively broke above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
The AUDUSD is trying once again to form its major bottom, attempting to form a higher August low versus the July low. Nevertheless, with the strong rejection last week from the August high, the AUDUSD is vulnerable to extending the weekly chart descending wedge (with wedge resistance defined by the line connecting the April to August highs)…
