VIX (VX) Nears 2023 Low Ahead of Q2

The VIX (VX) is trying to firm after sliding from last week’s 2023 high, but remains vulnerable to retesting the 2023 low and the psychologically key 20 whole figure level going into April. Any reclaiming of this week’s high will likely have to wait until next week, and would dramatically increase the odds of testing the key 25 level in the few days after…

Coffee Daily March 31, 2023

Arabica Coffee (KC) formed a red daily Doji yesterday near a fresh March low, just below the February low and the daily chart triangle support. With the current red weekly candle body a fair length, odds are elevated for an extension (going into April) of the downchannel (on the weekly chart) to a lower April low versus the March low…

Coffee Daily March 28, 2023

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…

Coffee Daily March 27, 2023

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…