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Arabica Coffee (KC) slid more than 2.5% yesterday after getting rejected by triangle resistance (on the daily chart). Regardless, KC remains near the highest level in a month, with odds elevated for a test in August of the downtrend resistance line (on the weekly chart) connecting the February and June highs…
The Nasdaq100 (NQ) is beginning to form a weekly Hammer, but appears to be gravitating in its Dead Cat Bounce to the 50% Fib retrace of the January to June slide. With NQ above downtrend resistance (on the weekly chart), a further short squeeze before month end to the 61.8% Fib retrace of the January to June slide should not be ruled out…
Arabica Coffee (KC) saw a bit of healthy consolidation yesterday, hesitating near triangle resistance (on the daily chart). With KC suddenly near the highest level in a month, odds are elevated for a weekly close in August above the downtrend resistance line (on the weekly chart) connecting the February and June highs…
Corn (ZC) is consolidating Friday’s surge post-WASDE, catching its breath before trying to challenge the July high. With ZC unable to slide back to the psychologically key 600 whole figure level immediately following Friday’s WASDE, ZC is making progress with its higher major low that began in July, coinciding with the 50% Fib retrace of the April 2020 to April 2022 bull market (as can be seen on tradingview.com)…
Arabica Coffee (KC) gained another more than 1% Friday, closing at triangle resistance (on the daily chart). With KC suddenly at the highest level in a month, odds are elevated for a weekly close in August above the downtrend resistance line (on the weekly chart) connecting the February and June highs…
TOP50’sTOP10 (MATICUSD, AVAXUSD, BNBUSD, ETHUSD, ATOMUSD, XTZUSD, DOTUSD, SOLUSD, FTTUSD, BTCUSD)
Cocoa (CC) is in the advanced stages of forming a major bottom as it nears downchannel resistance (on the weekly chart). Nevertheless, after the strong bounce from the 2022 low in July, CC is due for a bit of healthy consolidation around the psychologically key 2400 whole figure level and December low…
Arabica Coffee (KC) gained another more than 1.5% yesterday, closing above triangle resistance (on the 4hr chart). With KC suddenly at the highest level in a month, KC no longer appears at risk of retesting the psychologically key 2 whole figure level…
The GBPUSD surged more than 200 pips yesterday from the day’s low to high, and is now retesting triangle resistance (on the daily chart). With the GBPUSD near complete in its consolidation just above descending wedge resistance (on the weekly chart), the major bottom that began forming in July is now in its advanced stages…
