New York Cocoa (CC) edged higher yesterday with a daily Hammer just below the 2023 high. Any break above downchannel resistance (on the 4hr chart) will likely be followed within the day after by a fresh 2023 high and an extension of the upchannel (on the weekly chart)…
Arabica Coffee (KC) fell more than 3% yesterday closing at the July low. With the red weekly candle body lengthening, KC once again appears to be continuing the slide from the 2023 high in April towards the psychologically key 1.50 whole figure level and the 2023 low…
Raw sugar (SB) surged another 1% plus Friday, forming a fresh July high and reclaiming the Jun 6 low. Odds are now low for a slide in July back below the 38.2% Fib retrace of the November to April bull market extension…
New York Cocoa (CC) bounced more than 2.5% Friday off upchannel support (on the daily chart). Nevertheless, CC remains at moderate risk to reverse once again lower this week on healthy profittaking from the fresh 2023 high formed 2 weeks ago, particularly after getting rejected at upchannel resistance (on the daily and weekly chart)…
Arabica Coffee (KC) bounced 2% plus Friday with last week’s green weekly Hammer holding just above the July low. KC appears to be trying to halt the slide from the 2023 high in April, and is now only slightly vulnerable before month end to resuming its slide to the psychologically key 1.50 whole figure level and the 2023 low…
Silver (SI) edged up Friday and appears ready for consolidation this coming week after the massive gains Wednesday and Thursday. SI is suddenly back above the psychologically key 25 whole figure level and near complete in consolidating since forming a fresh 2023 high in April…
Raw sugar (SB) edged up yesterday, forming a fresh July high and bumping up against the Jun 6 low. Odds are now moderately low for a slide in July back below the 38.2% Fib retrace of the November to April bull market extension…
New York Cocoa (CC) slid more than 2% yesterday, closing just above upchannel support (on the daily chart). CC is primed to further reverse going into next week on healthy profittaking from the fresh 2023 high formed last week, particularly after getting rejected at upchannel resistance (on the daily and weekly chart)…
Arabica Coffee (KC) edged higher yesterday with its daily Gravestone holding just above the July low. Regardless of the length of this week’s red weekly candle body, KC appears to be trying to edge above the daily chart downchannel resistance…
Raw sugar (SB) surged more than 1.5% yesterday, forming a fresh July high and bumping up against the Jun 6 low. Odds are now moderately low for a slide in July back below the 38.2% Fib retrace of the November to April bull market extension…
