Raw sugar (SB) slid nearly 0.5% yesterday and appears increasingly vulnerable to deepening in its month and a half plus consolidation going into year end. The red monthly Gravestone (as seen easier on a monthly chart on tradingview.com) suggests moderate odds for a topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
New York Cocoa (CC) surged more than 1.5% yesterday to a fresh 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). Nevertheless, CC remains vulnerable going into mid December to healthy profittaking after the strong Bull Market extension from the September/October low…
Arabica Coffee (KC) edged lower yesterday with its daily Hammer, but remains poised to retest the psychologically key 175 whole figure level by the weekend. With KC back above the 50% Fib retrace of its slide from its 2023 high (formed April), there is a rising and moderate probability for a test of downchannel resistance (on the weekly chart) by mid December…
Raw sugar (SB) slid more than 0.5% yesterday and appears increasingly vulnerable to deepening in its month and a half plus consolidation going into year end. The red monthly Gravestone (as seen easier on a monthly chart on tradingview.com) suggests moderate odds for a topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
New York Cocoa (CC) surged more than 1.5% yesterday to a fresh 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). Nevertheless, CC remains vulnerable going into mid December to healthy profittaking after the strong Bull Market extension from the September/October low…
Arabica Coffee (KC) surged more than 2% yesterday, testing briefly the psychologically key 175 whole figure level. Odds are elevated for a weekly close above the 50% Fib retrace of its slide from its 2023 high (formed April), with a rising and moderate probability for a test of downchannel resistance (on the weekly chart) by mid December…
Raw sugar (SB) rebounded almost 1% yesterday but remains vulnerable to deepening in its month and a half plus consolidation going into year end. The monthly Gravestone (as seen easier on a monthly chart on tradingview.com) suggests moderate odds for a topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
New York Cocoa (CC) edged 1% higher yesterday but remains vulnerable this week to healthy profittaking after the strong Bull Market extension from the September/October low to last week’s 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). With how CC is overbought on the monthly chart, and CC near weekly chart upchannel resistance, odds remains elevated for a break this week to below the psychologically key 4k whole figure level…
Arabica Coffee (KC) edged higher yesterday, and appears to be gearing up for a retest this week of the psychologically key 175 whole figure level. Any weekly close above the 50% Fib retrace of its slide from its 2023 high (formed April) will dramatically increase odds for a test of downchannel resistance (on the weekly chart) in the month after…
Raw sugar (SB) slid almost 1% Friday and appears like it will need to deepen in its month and a half plus consolidation going into year end. The monthly Gravestone (as seen easier on a monthly chart on tradingview.com) suggests rising odds (albeit moderately low for now) for a potential topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
