Arabica Coffee (KC) rebounded 2% plus yesterday (on the July contract), halting Friday’s sharp slide from the May high. Despite breaking upchannel support (on the 4hr chart) Friday, odds are now elevated for a recapture of the 2024 high and extension of the upchannel (on the weekly chart) by mid June…
Raw sugar (SB) edged higher Friday with its daily Doji (on the July contract) closing just above May’s 2024 low. Any reclaiming this week back above descending wedge support (on the weekly chart) would for now be mere short covering from the lowest level since November 2022…
New York Cocoa (CC) edged higher with a daily Hammer Friday (on the July contract) closing May just shy of its high. CC is just a few days’ volatility from the psychologically key 10k whole figure level…
Arabica Coffee (KC) slid more than 5% Friday for a 1st red daily candle in 5 days (on the July contract), reversing sharply from a fresh May intraday high. Nevertheless, despite breaking upchannel support (on the 4hr chart) Friday, odds remain moderate for a recapture of the 2024 high and extension of the upchannel (on the weekly chart) by mid June…
Nasdaq100 (NQ) edged lower Friday but reversed sharply higher from the intraday low as seen by Friday’s Hammer. Nevertheless, NQ remains vulnerable early week to resuming healthy profittaking from May’s fresh 2024 high after closing last week back around the March/April high…
