Arabica Coffee (KC) tacked on another 2% plus yesterday, breaking briefly above ascending wedge resistance (on the daily chart). Nevertheless, KC is likely to see healthy consolidation in the next day or so as it catches its breath after reclaiming the July low, and is bumping up against what could become downchannel resistance (on the weekly chart)…
The S&P500 (ES) is looking wobbly as it has arguably slid under an uptrend support (on the daily chart). Odds are fairly low for a fresh February high before month end, with ES appearing like it will slide back into the downchannel (on the weekly chart) by mid week…
Arabica Coffee (KC) surged almost 4.5% Friday, closing above ascending triangle resistance (on the 4hr chart). With Friday’s fresh February high, KC is extending a Bull Flag (on the weekly chart), and is now moderately likely to test the psychologically key 2 whole figure level by month end…
Corn (ZC) edged higher Friday ahead of today’s US Presidents Day holiday, but is about to see a volatility spike with the triangle (on the weekly chart) near complete. Any break above the January high would dramatically increase odds of testing the psychologically key 700 whole figure level and November high in the few days after…
Arabica Coffee (KC) surged almost 4.5% Friday, closing above ascending triangle resistance (on the 4hr chart). With Friday’s fresh February high, KC is extending a Bull Flag (on the weekly chart), and is now moderately likely to test the psychologically key 2 whole figure level by month end…
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The VIX (VX) bounced more than 5% yesterday off the psychologically key 20 whole figure level. The VX has now reversed half of the Monday to Wednesday slide and appears poised to retest by early next week, downchannel resistance (on the weekly chart)…
Arabica Coffee (KC) rebounded more than 2% yesterday, closing just above the psychologically key 1.80 whole figure level. KC is in the advanced stages of a 2 week plus Bull Flag consolidation (on the weekly chart), with odds elevated for a fresh February high by next week sometime…
The GBPAUD is forming a 3rd straight weekly Doji just below the 50% Fib retrace of the February to September slide. With volatility about to surge as hinted by the near complete triangle (on the 4hr and daily chart), the question is whether the triangle resolves lower, extending the pullback from the December high…
Arabica Coffee (KC) slid more than 3.5% yesterday, closing just above the psychologically key 1.75 whole figure level. Nevertheless, KC appears to be in the advanced stages of a 2 week plus Bull Flag consolidation (on the weekly chart), with odds remaining elevated for a fresh February high by month end…
