Arabica Coffee (KC) edged higher with a daily Hammer Friday, with a 5th straight weekly Gravestone/Hammer trying to form just below the 2024 high. Nevertheless, KC remains within what appears to be the advanced stages of a 2 month Bull Flag consolidation…
Raw sugar (SB) edged higher with a daily Doji Friday, forming a higher June high/low versus the May high/low (on the October contract). With SB having rebounded from the 2024 low to above the psychologically key 20 whole figure level, a break of descending wedge resistance (on the weekly chart) by early July is likely…
New York Cocoa (CC) rebounded nearly 4% Friday (on the September contract), closing the quarter around the 50% Fib retrace of the January to April bull market extension near the June low. Nevertheless, CC remains at elevated risk of unravelling the bounce from the May low by mid July…
