Cocoa (CC) gained for a 4th straight day yesterday, closing back above the psychologically key 2300 whole figure level. Any daily close above the daily chart downchannel resistance will dramatically increase the likelihood of breaking downtrend resistance (on the weekly chart) in the few days after…
Arabica Coffee (KC) edged more than 1% lower yesterday, consolidating Wednesday’s strong bounce from triangle resistance (on the daily chart). KC remains comfortably above the 38.2% Fib retrace of the July to August rally, and has all but halted its slide from downchannel resistance (on the weekly chart)…
The GBPUSD is beginning to see some profittaking after the strong bounce off the fresh record low Monday. Regardless of the GBPUSD clawing back above downchannel support (on the weekly chart) after plunging below it this week, it remains at moderate risk of gravitating towards parity in October…
Arabica Coffee (KC) surged almost 2% yesterday, and appears to have finished consolidating just above triangle resistance (on the daily chart). KC is comfortably above the 38.2% Fib retrace of the July to August rally, and has all but halted its slide from downchannel resistance (on the weekly chart)…
Silver (SI) is trying to firm and halt the slide after getting rejected last week at the psychologically key 20 whole figure level and descending wedge resistance (on the weekly chart). Although SI may bounce in the next day or so off descending wedge support (on the 4hr chart), it remains at elevated risk of testing the 2022 low by the weekend…
Arabica Coffee (KC) edged higher with yesterday’s Doji further digesting Monday’s intraday surge above last week’s high. With KC closing above triangle resistance (on the daily chart) and above the 38.2% Fib retrace of the July to August rally, it appears to have halted its slide from downchannel resistance (on the weekly chart)…
Nasdaq100 (NQ) is trying to firm and bounce off downchannel support (on the daily chart) but remains vulnerable to testing the 2022 low before the weekend. Regardless of any bounce off the June low or the psychologically key 11k whole figure level going into next week, NQ appears ready to extend its weekly chart downchannel in October…
Arabica Coffee (KC) rebounded more than 1.5% yesterday, surging at one point above last week’s high, but closing back at triangle resistance (on the daily chart). With KC above the 38.2% Fib retrace of the July to August rally, it appears to have halted its slide from downchannel resistance (on the weekly chart)…
Wheat (ZW) is correcting within its month or so upchannel (on the daily chart), vulnerable to sliding back to upchannel support in the next few days. Nevertheless, the bounce off the 2022 low in August has been strong enough that ZW is on pace to forming a higher September low versus the August low, reinforcing the higher September high versus the August high…
Arabica Coffee (KC) slid almost 1.5% Friday, closing shy of triangle resistance (on the daily chart). With KC still above the 50% Fib retrace of the July to August rally, it appears to have halted its slide from downchannel resistance (on the weekly chart)…
