Arabica Coffee (KC) surged another near 3% yesterday, reversing most of the losses since the beginning of July. With KC decisively breaking above triangle resistance (on the daily chart), odds are suddenly elevated for a break of downchannel resistance (on the weekly chart connecting the February and June highs) by month end…
The VIX (VX) is trying to halt the slide from the June high, and no longer appears like it will retest the 2022 low (from last week) before month end. Increasingly likely is a weekly close within the same timeframe, above descending wedge resistance (on the weekly chart)…
Arabica Coffee (KC) rebounded a massive near 4% yesterday, reversing most of last week’s losses. With KC briefly breaking above triangle resistance (on the daily chart) after sliding slightly below the same triangle’s support Friday, odds are suddenly high for a test of the downtrend resistance (on the weekly chart connecting the February and June highs) by early September…
Corn (ZC) is in the advanced stages of a triangle (on the daily chart), where odds are improving for the July low to hold the balance of August. ZC remains shaky nevertheless where a break below the daily chart triangle support and psychologically key 600 whole figure level would likely be followed in the week after by a test of the July low…
Arabica Coffee (KC) tried halting the week long slide Friday after briefly breaking below triangle support (on the daily chart). If KC resumes last week’s slide today, odds will rise dramatically for a retest before month end of the August low…
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Cotton (CT) consolidated for a 3rd straight day yesterday and is near complete on a weekly Gravestone. With CT breaking upchannel support (on the 4hr chart), odds are elevated for a testing next week of the 50% Fib retrace of the May to July slide…
Arabica Coffee (KC) slid more than 1% yesterday, gearing up for a volatility surge as the daily chart triangle nears completion. With this week’s slide, odds have risen dramatically for a retest before month end of the August low…
The USDCAD appears poised to reclaim the psychologically key 1.30 whole figure level before month end. Any retesting of the 2022 high would likely have to wait until September…
Arabica Coffee (KC) slid almost 1% yesterday, gearing up for a volatility surge as the daily chart triangle nears completion. Regardless, KC is moderately likely to test in August the downtrend resistance line (on the weekly chart) connecting the February and June highs…
