Natural Gas (NG) is slowing in its slide from its 2022 high in August near the psychologically key 10 whole figure level, with a bit of short covering likely ahead of Thursday’s widely anticipated weekly storage. Nevertheless, NG appears vulnerable to deepening in its consolidation post-storage below the August low…
Arabica Coffee (KC) edged higher yesterday, showing early signs of halting the week plus consolidation since the August high with a weekly Doji beginning to form at a downchannel resistance (on the weekly chart). Although KC has slid back into an upchannel (on the 4hr chart), it does not appear ready to drift back to uptrend support (on the daily chart)…
Nasdaq100 (NQ) is trying to halt its slide back towards its 2022 low, with bulls likely to get reprieve this week as most US traders return from the US Labour Day long weekend. NQ is poised to break above downchannel resistance (on the 4hr chart) and claw back above upchannel support (on the daily chart)…
Arabica Coffee (KC) slid more than 1.5% Friday, closing near downchannel resistance (on the weekly chart connecting the February and June highs). With KC back in the upchannel (on the 4hr chart), odds are moderately high for a test of upchnannel support sometime this week…
Corn (ZC)’s bounce off the July low appears to have ended for now with last week’s weekly Doji closing around the 50% Fib retrace of the May to July slide. ZC has also bumped up against what is arguably triangle resistance (on the daily and weekly chart)…
Arabica Coffee (KC) slid more than 1.5% Friday, closing near downchannel resistance (on the weekly chart connecting the February and June highs). With KC back in the upchannel (on the 4hr chart), odds are moderately high for a test of upchnannel support sometime this week…
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Arabica Coffee (KC) consolidated yesterday for a 6th straight day after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
Arabica Coffee (KC) consolidated yesterday for a 6th straight day after 3 strong consecutive up days. With KC near the highest level since June, and digesting the break above downchannel resistance (on the weekly chart connecting the February and June highs), KC has all but completed a Bull Flag consolidation (on the weekly chart)…
The USDCAD is nearing the 2022 high, with the catalyst for forming a fresh 2022 high arriving as early as today following the 10am EST US ISM manufacturing PMI. More likely though is for any break to occur only after Friday’s highly anticipated US Non-Farm Payrolls and unemployment rate…
