Wheat (ZW) is seeing a bit of healthy consolidation ahead of today’s highly anticipated WASDE at noon EST. Although the bounce off the 2022 low in August has formed a higher September high versus the August high, the immense volatility post-WASDE could briefly send ZW back to upchannnel support (on the 4hr chart)…
Arabica Coffee (KC) bounced almost 3% Friday, closing near triangle resistance (on the 4hr chart) and back above the psychologically key 2.25 whole figure level. With KC having rebounded from just above upchannel support (on the daily chart), and last week’s weekly Hammer closing at downchannel resistance (on the weekly chart), odds are elevated for a test of the August high this month…
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Cotton (CT) is firming up, trying to halt last week’s healthy profittaking. Any break above descending wedge resistance (on the 4hr chart) will decisively bring CT back into the daily chart upchannel…
Arabica Coffee (KC) edged lower yesterday, closing just above triangle support (on the 4hr chart) and upchannel support (on the daily chart). The broader Bull Flag consolidation (on the weekly chart) that began in December (and seen more easily on a monthly chart on tradingview.com) is unlikely to complete before November…
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Arabica Coffee (KC) slid more than 3% yesterday, closing back below downchannel resistance (on the weekly chart). Despite being near a 2 week low, KC remains vulnerable to testing triangle support (on the 4hr chart) and uptrend support (on the daily chart) before the weekend…
Natural Gas (NG) is slowing in its slide from its 2022 high in August near the psychologically key 10 whole figure level, with a bit of short covering likely ahead of Thursday’s widely anticipated weekly storage. Nevertheless, NG appears vulnerable to deepening in its consolidation post-storage below the August low…
Arabica Coffee (KC) edged higher yesterday, showing early signs of halting the week plus consolidation since the August high with a weekly Doji beginning to form at a downchannel resistance (on the weekly chart). Although KC has slid back into an upchannel (on the 4hr chart), it does not appear ready to drift back to uptrend support (on the daily chart)…
Nasdaq100 (NQ) is trying to halt its slide back towards its 2022 low, with bulls likely to get reprieve this week as most US traders return from the US Labour Day long weekend. NQ is poised to break above downchannel resistance (on the 4hr chart) and claw back above upchannel support (on the daily chart)…
