Arabica Coffee (KC) rebounded more than 2% yesterday, refusing to slide back to the psychologically key 2 whole figure level. KC will need to rebound back to last week’s high in the next few days to avoid returning to the advanced stages of a Head & Shoulders (on the weekly chart), and to more resemble an extended Bull Flag consolidation…
Silver (SI) Consolidating Above Weekly Chart Descending Wedge Resistance
Silver (SI) is consolidating just above descending wedge resistance (on the weekly chart), making progress in its efforts to form a major bottom. Another weekly close above the psychologically key 20 whole figure level will dramatically increase the likelihood of a test sometime in August of the 38.2% Fib retrace of the March to July slide…
Coffee Daily Aug 3, 2022
Arabica Coffee (KC) slid more than 1.5% lower yesterday, increasingly vulnerable to retesting the psychologically key 2 whole figure level. KC will need to rebound back to last week’s high in the next few days to avoid returning to the advanced stages of a Head & Shoulders (on the weekly chart), and to more resemble an extended Bull Flag consolidation..
S&P500 (ES) Tiring Just Above 38.2% Fib Retrace of Jan-Jun Slide
The S&P500 (ES) is hesitating in its month plus Dead Cat bounce to just above the 38.2% Fib retrace of the January to June slide. Yesterday’s break above downchannel resistance (on the weekly chart from April to July) has been weak, with decent odds for a slide back this week to the psychologically key 4k whole figure level…
Coffee Daily Aug 2, 2022
Arabica Coffee (KC) slid almost 2% lower yesterday, closing just below the June low. Irrespective of any healthy profittaking this week after the bounce off the July low, KC no longer appears to have made a Head & Shoulders (on the weekly chart), resembling more an extended Bull Flag consolidation…
Soybean (ZS) Testing 61.8% Fib Retrace of Jun-Jul Slide
Soybean (ZS) is tiring after last week’s massive rebound, with ZS just shy of the psychologically key 1500 level. ZS appears vulnerable to breaking upchannel support (on the 4hr chart) in the next few days, and will likely want to spend the next week or so catching its breath near the 50% Fib retrace of the June to July slide…
Coffee Daily Aug 1, 2022
Arabica Coffee (KC) edged lower Friday, closing near the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart), resembling more an extended Bull Flag consolidation…
Polygon (MATICUSD) Bumps Against Key 1 Level
TOP50’sTOP10 (MATICUSD, ETHUSD, BNBUSD, ATOMUSD, XTZUSD, SANDUSD, MANAUSD, DOTUSD, SOLUSD, FTTUSD)
Arabica Coffee (KC) Weekly MACD Green Line Flattening
Arabica Coffee (KC) consolidated yesterday, closing near the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart) but is instead in the late stages of an extended Bull Flag consolidation…
Coffee Daily Jul 29, 2022
Arabica Coffee (KC) consolidated yesterday, closing near the June low. KC no longer appears to have made a Head & Shoulders (on the weekly chart) but is instead in the late stages of an extended Bull Flag consolidation…