Arabica Coffee (KC) surged more than 2%, breaking above descending triangle resistance (on the daily chart). With KC comfortably above the weekly chart descending wedge resistance, odds are elevated for a higher December low versus the November low, which if successful and reinforced by a higher December high versus the November high, would dramatically increase odds that a major bottom has been made within the consolidation since February…
The GBPAUD has been consolidating for a second week near or above the 61.8% Fib retrace of the February to September slide, and appears to be readying to break to a fresh December high. Odds are moderately high for a test of the psychologically key 1.85 whole figure level by year end…
Arabica Coffee (KC) formed a second straight daily Doji yesterday, closing at descending wedge resistance (on the daily chart). With KC breaking above descending wedge resistance (on the weekly chart), odds are elevated for a higher December low versus the November low, which if successful and reinforced by a higher December high versus the November high, would dramatically increase odds that a major bottom has been made within the consolidation since February…
Natural Gas (NG) is consolidating after yesterday’s massive 6% plus gains, hesitating after bumping up against the psychologically key 7 whole figure level. For now, NG’s lower December low versus the October and July lows (on the January contract) appears to have merely been a part of a broad descending wedge (on the weekly chart) that is arguably a Bull Flag consolidation…
Arabica Coffee (KC) edged up another 0.5% plus yesterday, closing at descending wedge resistance (on the daily chart). With KC breaking above descending wedge resistance (on the weekly chart), odds are elevated for a higher December low versus the November low, which if successful and reinforced by a higher December high versus the November high, would dramatically increase odds that a major bottom has been made within the consolidation since February…
The VIX (VX) is trying to form a major bottom by bouncing off near the 2022 low. With the VX consolidating just above downchannel resistance (on the daily chart), odds are rising for a weekly close above descending wedge/downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) rebounded a massive 5% plus yesterday, reversing last week’s losses and then some. KC appears to be trying to form a higher December low versus the November low, which if successful and reinforced by a higher December high versus the November high, would dramatically increase odds that a major bottom has been made within the consolidation since February…
Soybean (ZS) is seeing healthy profittaking to start the week, triggered by Friday’s highly anticipated WASDE. Nevertheless, ZS appears to be consolidating comfortably above triangle resistance (on the weekly chart), reinforced with Friday’s close above the 38.2% Fib retrace of the slide from the June high to the July low…
Arabica Coffee (KC) edged another 3rd straight day lower Friday, closing just above the November low. With the weekly close at descending wedge/downtrend support (on the weekly chart) and the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58), odds are elevated for a test this week of the psychologically key 1.50 whole figure level…
TOP50’sTOP10 (BTCUSD, LTCUSD, UNIUSD, MATICUSD, EOSUSD, ETHUSD, BNBUSD, ATOMUSD, AVAXUSD, DOTUSD)
