Arabica Coffee (KC) edged lower yesterday with its daily Gravestone, beginning a weekly Doji just above what is arguably downchannel resistance (on the weekly chart). With yesterday’s close above the daily chart downtrend resistance, KC appears likely to test the 2023 high in April….
Soybean (ZS) is trying to firm to start the week following Thursday’s 1% plus slide going into the Easter holiday long weekend. ZS is now back below the psychologically key 1500 whole figure level, but appears more likely to retest the 2023 high within a day following the highly anticipated WASDE Tuesday than it is to retest the 2023 low…
Soybean (ZS) is trying to firm to start the week following Thursday’s 1% plus slide going into the Easter holiday long weekend. ZS is now back below the psychologically key 1500 whole figure level, but appears more likely to retest the 2023 high within a day following the highly anticipated WASDE Tuesday than it is to retest the 2023 low…
TOP50’sTOP10 (BTCUSD, ETHUSD, EOSUSD, LTCUSD, BNBUSD, AVAXUSD, XTZUSD, DOTUSD, ALGOUSD, UNIUSD)
The GBPAUD is extending an upchannel (on the 4hr and daily chart), appearing to have a bit more upside going into the weekend before its weekly chart Bull Flag begins consolidating again. With the GBPAUD having formed a fresh 2023 high yesterday, any healthy profittaking going into next week will likely find initial support at the psychologically key 1.85 whole figure level…
Arabica Coffee (KC) surged more than 3% yesterday, and is suddenly making efforts to reclaim the downchannel resistance (on the weekly chart). Any daily close above the daily chart triangle resistance ahead of the weekend will dramatically increase the probability of testing the 2023 high in April….
Gold (GC) is consolidating after surging yesterday to upchannel resistance (on the weekly chart) and the April 2022 high (on the June contract). Regardless of any healthy profittaking ahead of the weekend that brings GC back to the psychologically key 2000 whole figure level, GC remains well positioned in April to retest the record high formed in July 2020…
Arabica Coffee (KC) consolidated Monday’s strong gains yesterday, closing just above the psychologically key 1.75 whole figure level. KC remains back above the February low and the daily chart’s prior triangle support, and is trying to halt the downchannel (on the weekly chart)…
The S&P500 (ES) is consolidating after gaining 4 straight days, hesitating as it bumps against the weekly chart downchannel resistance. Odds are now moderately high for a retest of the August high in April. Before bears get excited, they’ll need to see a daily close this week below the psychologically key 4k whole figure level…
Arabica Coffee (KC) soared more than 3% higher yesterday, closing above the psychologically key 1.75 whole figure level. KC is suddenly back above the February low and the daily chart’s prior triangle support, and is trying to halt the downchannel (on the weekly chart)…
