Arabica Coffee (KC) slid almost 2% yesterday, breaking triangle support (on the 4hr chart) and upchannel support (on the daily chart). With KC testing the 50% Fib retrace of the July to August rally, and firmly back within the downchannel (on the weekly chart), KC is at risk of a deeper consolidation the balance of September…
Nasdaq100 (NQ) is slowing in its bounce off last week’s low, hesitating as what is arguably an ascending wedge (on the 4hr chart) nears completion. Nevertheless, NQ appears poised to at least test downtrend resistance (on the weekly chart) this week, where any recapture of the August high this month will likely extend the Dead Cat Bounce that began in June into October…
Arabica Coffee (KC) slid more than 1.5% yesterday, and is vulnerable to testing upchannel support (on the daily chart) this week as the triangle (on the 4hr chart) nears completion. Any break above the 4hr chart triangle resistance will dramatically increase the likelihood of extending the daily chart upchannel and breaking back above downchannel resistance (on the weekly chart)…
Wheat (ZW) is seeing a bit of healthy consolidation ahead of today’s highly anticipated WASDE at noon EST. Although the bounce off the 2022 low in August has formed a higher September high versus the August high, the immense volatility post-WASDE could briefly send ZW back to upchannnel support (on the 4hr chart)…
Arabica Coffee (KC) bounced almost 3% Friday, closing near triangle resistance (on the 4hr chart) and back above the psychologically key 2.25 whole figure level. With KC having rebounded from just above upchannel support (on the daily chart), and last week’s weekly Hammer closing at downchannel resistance (on the weekly chart), odds are elevated for a test of the August high this month…
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Cotton (CT) is firming up, trying to halt last week’s healthy profittaking. Any break above descending wedge resistance (on the 4hr chart) will decisively bring CT back into the daily chart upchannel…
Arabica Coffee (KC) edged lower yesterday, closing just above triangle support (on the 4hr chart) and upchannel support (on the daily chart). The broader Bull Flag consolidation (on the weekly chart) that began in December (and seen more easily on a monthly chart on tradingview.com) is unlikely to complete before November…
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Arabica Coffee (KC) slid more than 3% yesterday, closing back below downchannel resistance (on the weekly chart). Despite being near a 2 week low, KC remains vulnerable to testing triangle support (on the 4hr chart) and uptrend support (on the daily chart) before the weekend…
