Raw sugar (SB) slid more than 3% yesterday, nearing the 76.4% Fib retrace of the 2023 bull market extension and the psychologically key 20 whole figure level. With SB at a fresh December low below the June low, and SB slightly below the 38.2% Fib retrace of the bull market since May 2020 (as seen easier on a monthly continuous chart on tradingview.com), odds are quite a bit higher that SB has ended a major bull market than it is to retest the record high (formed Feb 2011) before Q224…
New York Cocoa (CC)’s daily Doji edged nearly 0.5% lower yesterday just below a fresh 2023 and record high. The current weekly candle although green, follows last week’s 1st red weekly candle in 10 weeks, suggesting elevated odds for healthy consolidation going into year end…
Arabica Coffee (KC) bounced 1.5% plus yesterday, trying to avoid sliding back to upchannel support (on the 4hr and daily chart). Odds are elevated for a retest of Tuesday’s fresh 2023 high (on the March contract) before year end…
Raw sugar (SB) slid more than 2% yesterday to back below the 61.8% Fib retrace of the 2023 bull market extension (near 21.5). With SB at a fresh December low below the June low, and SB comfortably below the 23.6% Fib retrace of the bull market since May 2020 (as seen easier on a monthly continuous chart on tradingview.com) near 23, SB appears to be in the middle stages of a multi-month consolidation.
New York Cocoa (CC) edged nearly 0.5% higher yesterday to a fresh 2023 and record high. The current weekly candle although green, follows last week’s 1st red weekly candle in 10 weeks, suggesting elevated odds for healthy consolidation going into year end…
Arabica Coffee (KC) surged a massive near 6% yesterday, closing at a fresh 2023 high (on the March contract). The continuous contract (as seen easier on a monthly contract tradingview.com) has lagged the March in its bullish performance, but is moderately and increasingly likely to form a fresh 2023 high by sometime in January…
Raw sugar (SB) edged up more than 0.5% yesterday, trying to reclaim the 61.8% Fib retrace of the 2023 bull market extension (near 21.5). With SB having broken Thursday below the June low, and SB comfortably below the 23.6% Fib retrace of the bull market since May 2020 (as seen easier on a monthly continuous chart on tradingview.com) near 23, SB appears to be in the middle stages of a multi-month consolidation…
New York Cocoa (CC) edged nearly 0.5% higher yesterday, but remains vulnerable to healthy consolidation going into year end. The current weekly candle although green, is bumping into the 2023 and record high (as can be seen easier on a monthly chart on tradingview.com), and follows last week’s 1st red weekly candle in 10 weeks…
Arabica Coffee (KC) surged a massive near 6% yesterday, closing at a fresh 2023 high (on the March contract). The continuous contract (as seen easier on a monthly contract tradingview.com) has lagged the March in its bullish performance, but is moderately and increasingly likely to form a fresh 2023 high by sometime in January…
Raw sugar (SB) slid more than 3% yesterday, closing at the 61.8% Fib retrace of the 2023 bull market extension (near 21.5). With SB having broken Thursday below the June low, and SB comfortably below the 23.6% Fib retrace of the bull market since May 2020 (as seen easier on a monthly continuous chart on tradingview.com) near 23, SB appears to be in the middle stages of a multi-month consolidation, with moderate odds that the major bull market has topped…
