The S&P500 (ES) is trying to form a weekly Doji just above the psychologically key 4k whole figure level. Although ES managed to hold the 2023 low 2 weeks ago, the ES has been reluctant to extend its subsequent bounce…
Arabica Coffee (KC) slid more than 1% yesterday, closing back near the prior 4hr chart downchannel resistance and once again gravitating towards the March low. Although the 4th straight weekly Hammer, Doji or Gravestone trying to form suggests a reluctance for KC to extend its downchannel (on the weekly chart), KC will need a daily close above the daily chart triangle resistance this week to avoid a break below the February low in April…
Wheat (ZW) is consolidating to start the week after last week’s bounce off a fresh 2023 low. Although ZW could retest in the next week or so the weekly chart descending wedge support, odds are increasing and moderate for a test of the same wedge’s resistance before month end…
Arabica Coffee (KC) rebounded more than 2.5% Friday, closing back above the prior 4hr chart downchannel resistance after nearing the March low. With last week’s weekly candle having closed green just below downchannel resistance (on the weekly chart), KC suddenly appears poised for a daily close above the daily chart triangle resistance early week…
TOP50’sTOP10 (BNBUSD, BTCUSD, ETHUSD, LTCUSD, XTZUSD, AVAXUSD, DOTUSD, EOSUSD, UNIUSD, ATOMUSD)
The VIX (VX) is consolidating after bouncing strongly yesterday off a much higher low versus the 2023 low (from 2 weekly candles ago). Any weekly close above the psychologically key 25 whole figure level would dramatically increase odds of a test of this week’s high next week…
Arabica Coffee (KC) slid more than 2% yesterday, closing near the March low under the prior 4hr chart downchannel resistance. With the current weekly candle turning into a red weekly Gravestone after getting rejected at downchannel resistance (on the weekly chart), KC suddenly appears at vulnerable to breaking below the daily chart triangle support ahead of the weekend…
The GBPUSD powered almost 100 pips in the hour following the highly anticipated FOMC and Fed rate hike. The GBPUSD is now extending the Bull Flag (on the daily chart), and testing a massive triangle resistance (on the weekly chart)…
Arabica Coffee (KC) edged more than 1% lower yesterday, continuing a consolidation near the 4hr chart downchannel resistance. With the current weekly candle remaining green for now and having on Tuesday tested last week’s high, odds remain decent for a retest of downchannel resistance (on the weekly chart) ahead of the weekend…
Gold (GC) slid more than 2% yesterday, completing what appears to be a Bearish Island Reversal (on the daily chart) after forming a fresh 2023 high Monday at upchannel resistance (on the daily and weekly chart). Within GC’s current consolidation back below triangle resistance (on the weekly chart), GC is beginning to firm near the 38.2% Fib retrace of the March rally…
