New York Cocoa (CC) formed a daily Hammer yesterday, remaining just a day or so’s volatility from recapturing last Tuesday’s fresh 2023 high. With CC’s weekly candle body green and lengthening, CC may overshoot to the upside going into next week and retest upchannel resistance (on the daily and weekly chart)…
Arabica Coffee (KC) edged lower yesterday with its red daily Doji retesting the July low. With the lengthening of this week’s red weekly candle body and another rejection at the daily chart downchannel resistance, KC now appears vulnerable to resuming its slide from the 2023 high to the psychologically key 1.50 whole figure level and the 2023 low…
Raw sugar (SB) edged higher yesterday, but continues to show a bit of fatigue with the weekly Doji struggling to reclaim the Jun 6 low. Any slide this week back below the 38.2% Fib retrace of the November to April bull market extension will suggest a retest of the June low in July…
New York Cocoa (CC) edged lower yesterday with its daily Gravestone suggesting an inability this week to recapture last Tuesday’s fresh 2023 high. With CC having been rejected last week at upchannel resistance (on the daily and weekly chart), odds are rising for further healthy profittaking this week…
Arabica Coffee (KC) slid almost 1.5% yesterday, retesting the July low. With the lengthening of this week’s red weekly candle body and yesterday’s rejection at the daily chart downchannel resistance, KC now appears vulnerable to resuming its slide from the 2023 high to the psychologically key 1.50 whole figure level and the 2023 low…
Raw sugar (SB) edged lower yesterday, beginning to tire as it struggles to reclaim the Jun 6 low. Any slide this week back below the 38.2% Fib retrace of the November to April bull market extension will suggest a retest of the June low in July…
New York Cocoa (CC) edged higher yesterday but remains vulnerable to resuming its reversal today from Tuesday’s fresh 2023 high. With CC having been rejected last week at upchannel resistance (on the daily and weekly chart), odds are rising for further healthy profittaking this week…
Arabica Coffee (KC) edged lower yesterday closing just above the June low. This week’s weekly Doji needs to turn back green to maintain early efforts at halting the slide from the 2023 high…
Raw sugar (SB) edged more than 1% higher Friday, at one point briefly trading just below the Jun 6 low. With last week’s weekly close comfortably above the 38.2% Fib retrace of the November to April bull market extension, SB suddenly appears to have overshot to the downside with the June low…
New York Cocoa (CC) edged lower Friday as its reversal from Tuesday’s fresh 2023 high appears ready to gain momentum. With CC having been rejected at upchannel resistance (on the daily and weekly chart), odds are rising for further healthy profittaking this week….
