Arabica Coffee (KC) formed a daily Hammer yesterday, refusing to slide back to the September low of Monday. KC is now poised to break descending wedge resistance (on the weekly chart), and no longer appears likely to retest the 2023 low this month…
Month: September 2023
Sugar Daily Sep 12, 2023
Raw sugar (SB) edged higher yesterday with a daily Hammer, closing just shy of Friday’s fresh 2023 intraday high. SB remains comfortably above the psychologically key 25 whole figure level, and continues to be poised to extending SB’s bull market from April 2020 to April 2023…
Cocoa Daily Sep 12, 2023
New York Cocoa (CC) formed a daily Doji yesterday, closing just shy of Tuesday’s fresh 2023 high. Odds are moderately high for CC to extend its upchannel (on the weekly chart) and test upchannel resistance sometime this week…
Coffee Daily Sep 12, 2023
Arabica Coffee (KC) bounced nearly 3% yesterday from just above the August low. KC is now poised to break descending wedge resistance (on the weekly chart)…
Sugar Daily Sep 11, 2023
Raw sugar (SB) slipped more than 1% Friday after forming a fresh 2023 intraday high. Nevertheless, SB remains comfortably above the psychologically key 25 whole figure level, and continues to be poised to extending SB’s bull market from April 2020 to April 2023…
Cocoa Daily Sep 11, 2023
New York Cocoa (CC) edged more than 1% higher Friday, closing just shy of Tuesday’s fresh 2023 high. Odds are moderately high for CC to extend its upchannel (on the weekly chart) and test upchannel resistance sometime this week…
Coffee Daily Sep 11, 2023
Arabica Coffee (KC) slid more than 0.5% Friday closing the week just shy of the August low. KC now appears moderately likely to swing one more time this week to descending wedge support (on the weekly chart)…
S&P500 (ES) Retests 78.6% Fib Retrace of Jan22 High-Oct22 Low Slide
The S&P500 (ES) formed a daily Doji Friday after Thursday’s daily Hammer, trying to halt the slide from the September high. Any break below ascending wedge support (on the weekly chart) sometime next week dramatically increases the likelihood of a lower September low versus the August low, and that the July high was the high for 2023…
Sugar Daily Sep 8, 2023
Raw sugar (SB) bounced more than 1.5% yesterday, closing just shy of Tuesday’s fresh 2023 high. SB is comfortably above the psychologically key 25 whole figure level, and extending SB’s bull market from April 2020 to April 2023…
Cocoa Daily Sep 8, 2023
New York Cocoa (CC) consolidated yesterday just shy of Tuesday’s fresh 2023 high. Nevertheless, odds remain moderately high for CC to extend its upchannel (on the weekly chart) and test upchannel resistance by mid September…