Raw sugar (SB) slid more than 1% yesterday (on the May contract) following Monday’s US Presidents’ Day holiday. Although SB has given up its 38.2% Fib retrace of the December slide, the weekly Hammer trying to form suggests an unwillingness for SB to resume a prior dowchannel (on the weekly chart)…
New York Cocoa (CC) rebounded a massive 5% plus (on the May contract) yesterday following Monday’s US Presidents’ Day holiday. Nevertheless, any failure this week to recapture February’s fresh 2024 and record high will likely form a second data point on the upchannel resistance (on the weekly chart)…
Arabica Coffee (KC) edged higher yesterday (on the May contract) following Monday’s US Presidents’ Day holiday, but remains vulnerable to extending the consolidation since late December for at least another week. Any weekly close above the February high though would dramatically increase the likelihood of a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly contract tradingview.com) and the psychologically key 2 whole figure level in the week after…
Raw sugar (SB) rebounded more than 1% Friday (on the May contract) ahead of yesterday’s US Presidents’ Day holiday. Nevertheless, with SB’s first red weekly candle in 7 weeks last week, SB is at risk of slipping this week back below the 38.2% Fib retrace of the December slide, resuming a prior dowchannel (on the weekly chart)…
New York Cocoa (CC) slid a massive 4.5% plus (on the May contract) Friday ahead of yesterday’s US Presidents’ Day holiday on healthy profittaking, forming the 1st red weekly candle in 7 weeks. With last week’s inability to recapture the prior week’s fresh 2024 and record high, CC’s major high appears to be in for the year…
Arabica Coffee (KC) edged nearly 1% higher Friday (on the May contract) ahead of yesterday’s US Presidents’ Day, but remains vulnerable to extending the consolidation since late December for at least another week. Any weekly close above the February high though would dramatically increase the likelihood of a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly contract tradingview.com) and the psychologically key 2 whole figure level in the week after…
Raw sugar (SB) rebounded more than 1% Friday (on the May contract) ahead of yesterday’s US Presidents’ Day holiday. Nevertheless, with SB’s first red weekly candle in 7 weeks last week, SB is at risk of slipping this week back below the 38.2% Fib retrace of the December slide, resuming a prior dowchannel (on the weekly chart)…
New York Cocoa (CC) slid a massive 4.5% plus (on the May contract) Friday ahead of yesterday’s US Presidents’ Day holiday on healthy profittaking, forming the 1st red weekly candle in 7 weeks. With last week’s inability to recapture the prior week’s fresh 2024 and record high, CC’s major high appears to be in for the year…
Arabica Coffee (KC) edged nearly 1% higher Friday (on the May contract) ahead of yesterday’s US Presidents’ Day, but remains vulnerable to extending the consolidation since late December for at least another week. Any weekly close above the February high though would dramatically increase the likelihood of a break above the 2023 high (formed in December on the March and continuous contract as seen easier on a monthly contract tradingview.com) and the psychologically key 2 whole figure level in the week after…
Nasdaq100 (NQ) edged more than 1% lower Friday, closing ahead of Monday’s US Presidents’ Day shortened session just below last Monday’s fresh record high. Another red weekly candle this week would suggest NQ has been rejected at upchannel resistance (on the weekly chart)…
