Coffee Daily Mar 25, 2024

Arabica Coffee (KC) edged nearly 0.5% lower Friday, but remains positioned to complete the weekly chart Bull Flag consolidation since late December by month end. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…

Cocoa Daily Mar 22, 2024

New York Cocoa (CC) gained more than 2.5% yesterday to a fresh 2024 and record high. With the near complete weekly Hammer though just below the weekly chart’s steeper upchannel resistance (connecting the February and March highs) and CC tiring near the daily chart uptrend resistance, odds are moderately high for a reversal by next week sometime back below the psychologically key 8k whole figure level…

Cocoa Daily Mar 21, 2024

New York Cocoa (CC) bounced more than 3.5% yesterday, closing just shy of Monday’s fresh 2024 and record high. With the weekly Hammer forming, odds are moderately high for a reversal by next week back below the weekly chart’s steeper upchannel resistance (connecting the February and March highs) and the daily chart upchannel resistance…

Coffee Daily Mar 21, 2024

Arabica Coffee (KC) edged lower with a daily Doji yesterday, but is not likely to slide to a fresh March low by month end as suggested by the weekly Doji forming. Despite the weekly chart Bull Flag consolidation since late December still tilted slightly lower, odds remain moderate for another swing back to the March high sometime before month end…