Arabica Coffee (KC) rebounded more than 1.5% yesterday, surging at one point above last week’s high, but closing back at triangle resistance (on the daily chart). With KC above the 38.2% Fib retrace of the July to August rally, it appears to have halted its slide from downchannel resistance (on the weekly chart)…
Wheat Consolidates Bounce Off 2022 Low
Wheat (ZW) is correcting within its month or so upchannel (on the daily chart), vulnerable to sliding back to upchannel support in the next few days. Nevertheless, the bounce off the 2022 low in August has been strong enough that ZW is on pace to forming a higher September low versus the August low, reinforcing the higher September high versus the August high…
Coffee Daily Sep 26, 2022
Arabica Coffee (KC) slid almost 1.5% Friday, closing shy of triangle resistance (on the daily chart). With KC still above the 50% Fib retrace of the July to August rally, it appears to have halted its slide from downchannel resistance (on the weekly chart)…
Ripple (XRPUSD) Broke Apr’21-Sep’22 Downtrend Resistance
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Arabica Coffee (KC) Reclaims 38.2% Fib Retrace of Jul-Aug Rally
Arabica Coffee (KC) rebounded more than 1% yesterday, closing near triangle resistance (on the daily chart). With KC back above the 38.2% Fib retrace of the July to August rally, it has all but halted its slide from downchannel resistance (on the weekly chart)…
Coffee Daily Sep 23, 2022
Arabica Coffee (KC) rebounded more than 1% yesterday, closing near triangle resistance (on the daily chart). With KC back above the 38.2% Fib retrace of the July to August rally, it has all but halted its slide from downchannel resistance (on the weekly chart)…
GBPAUD Weekly Chart Descending Wedge Near Complete
The GBPAUD is trying once again to bounce off the psychologically key 1.70 whole figure level and descending wedge support (on the weekly chart). A daily close above downchannel resistance (on the daily chart) would likely be followed within a week after by a test of the September high and descending wedge resistance (on the weekly chart)…
Coffee Daily Sep 22, 2022
Arabica Coffee (KC) slid almost 2% yesterday, consolidating near triangle resistance (on the daily chart). With KC still above the 50% Fib retrace of the July to August rally, it is trying to halt its slide from downchannel resistance (on the weekly chart)…
Silver (SI) Weekly MACD Trying to Positively Cross
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Coffee Daily Sep 21, 2022
Arabica Coffee (KC) surged almost 2% yesterday, breaking above triangle resistance (on the daily chart). With KC reclaiming the 38.2% Fib retrace of the July to August rally, it appears to have halted its slide from downchannel resistance (on the weekly chart)…