Arabica Coffee (KC) rebounded more than 2% yesterday closing comfortably back above the psychologically 175 whole figure level and at downchannel resistance (on the weekly chart). With KC having reclaimed the 61.8% Fib retrace of its slide from its 2023 high (formed April), it is moderately likely to retest the 2023 high by year end…
Raw sugar (SB) slid more than 1.5% Friday, continuing a healthy consolidation since last Tuesday’s 2023 intraday high. The bull market since May 2020 appears once again to want to pause this week…
New York Cocoa (CC) surged more than 1% Friday, closing at a fresh 2023 and record daily high (as can be seen easier on a monthly chart on tradingview.com). After 6 straight green weekly candles with last week’s close at upchannel resistance (on the weekly chart) and the psychologically key 4k whole figure level yesterday, odds are elevated for a deeper consolidation this week particularly with how overbought CC is on the monthly chart…
Arabica Coffee (KC) slid more than 2% Friday on healthy consolidation after briefly breaking above the psychologically 175 whole figure level and downchannel resistance (on the weekly chart). With KC near the 61.8% Fib retrace of its slide from its 2023 high (formed April), it is likely to retest the 2023 high by January sometime…
The EURUSD edged higher Friday, trying to halt the consolidation from the November high. Odds are moderate and rising for EURUSD to resume this week its bounce off the 2023 low…
Raw sugar (SB) bounced more than 2% yesterday closing just shy of the 2023 intraday high formed Tuesday. Although odds are elevated for further consolidation early next week, the bull market since May 2020 appears to be gearing up to extend higher…
New York Cocoa (CC) edged nearly 1% higher yesterday, closing at a fresh 2023 and record daily high (as can be seen easier on a monthly chart on tradingview.com). CC is trying to form its 6th straight green weekly candle but is struggling as seen by the current weekly Doji just below upchannel resistance (on the weekly chart)…
Arabica Coffee (KC) surged more than 1% yesterday, closing comfortably above the psychologically 175 whole figure level and at downchannel resistance (on the weekly chart). With KC having reclaimed the 61.8% Fib retrace of its slide from its 2023 high (formed April), it is moderately likely to retest the 2023 high before month end…
Raw sugar (SB) slid more than 1% yesterday on further healthy profittaking after reaching a fresh 2023 intraday high Tuesday. The bull market since May 2020 is once again consolidating and likely to continue to do so until at least mid month…
New York Cocoa (CC) bounced nearly 1% yesterday, closing just shy of Tuesday’s fresh 2023 intraday and record high (as can be seen easier on a monthly chart on tradingview.com). CC is trying to form its 6th straight green weekly candle but is struggling as seen by the current weekly Doji just below upchannel resistance (on the weekly chart)…
