Arabica Coffee (KC) consolidated a 3rd straight day yesterday, but should be about to bounce and attempt a higher December low versus the November low. Odds are decent for KC to rebound this week off descending wedge/downtrend support (on the weekly chart)…
Corn (ZC) Nearing 38.2% Fib Retrace of May-Jul Slide
Corn (ZC) is trying to firm to start the week, but remains vulnerable to sliding in the next day or so to the 38.2% Fib retrace of the May to July slide. Odds are now moderately high for ZC to retest ahead of the Xmas lull, the psychologically key 600 whole figure level…
Coffee Daily Dec 5, 2022
Arabica Coffee (KC) slid almost 2% Friday, completing a weekly Gravestone just above the descending wedge/downtrend support (on the weekly chart). KC suddenly appears vulnerable to retesting by mid week, the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58)…
Litecoin (LTCUSD) Week Plus Bull Flag Consolidation Near Complete
TOP50’sTOP10 (LTCUSD, MATICUSD, BNBUSD, UNIUSD, ETHUSD, ATOMUSD, BTCUSD, EOSUSD, AVAXUSD, DOTUSD)
Cocoa (CC) Reclaims 50% Fib Retrace of Feb-Sep Slide
Cocoa (CC) rallied nearly 1% yesterday, closing above the psychologically key 2500 whole figure level. With CC back above the 50% Fib retrace of the February to September slide, CC appears to be nearing completion on the 2 week plus Bull Flag consolidation…
Coffee Daily Dec 2, 2022
Arabica Coffee (KC) slid almost 2.5% yesterday, failing to hold the psychologically key 1.70 whole figure level. Any green weekly candle next week would greatly reinforce this week’s weekly Gravestone and suggest that the prior 2 weeks below the descending wedge/downtrend support (on the weekly chart) to below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58) were overshoots…
EURUSD 2 Week Plus Bull Flag Consolidation Near Complete
The EURUSD appears to be gearing up to complete the 2 week plus Bull Flag consolidation and retest the psychologically key 1.05 whole figure level before the weekend. With the EURUSD comfortably above downchannel resistance (on the weekly chart), the EURUSD has halted a slide since June 2021, which itself is a part of a major downtrend from 2008 (as can be seen remains intact on tradingview.com)…
Coffee Daily Dec 1, 2022
Arabica Coffee (KC) surged more than 3.5% yesterday, closing just shy of the psychologically key 1.70 whole figure level. With KC having broken above downchannel resistance (on the 4hr chart), the prior 2 weeks below the descending wedge/downtrend support (on the weekly chart) to below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58) appear to have been an overshoot…
Gold (GC) 2 Week Plus Bull Flag Consolidation Nearly Complete
Gold (GC) is in the advanced stages of a 2 week plus Bull Flag consolidation, with the triangle (on the 4hr chart) about to complete. GC appears to be gearing up for a test ahead in the next week or so of the psychologically key 1800 whole figure level and the 38.2% Fib retrace of the March to October slide…
Coffee Daily Nov 30, 2022
Arabica Coffee (KC) surged more than 3.5% yesterday, closing just shy of the psychologically key 1.70 whole figure level. With KC having broken above downchannel resistance (on the 4hr chart), the prior 2 weeks below the descending wedge/downtrend support (on the weekly chart) to below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58) appear to have been an overshoot…