Arabica Coffee (KC) slid more than 3% yesterday, remaining vulnerable to extending the consolidation the balance of this week from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level should find strong support on any further pullback to the December low…
Raw sugar (SB) surged more than 4% yesterday after reopening from the US Martin Luther King Jr holiday, with the 3 week bounce off the psychologically key 20 whole figure level and the 76.4% Fib retrace of the 2023 bull market extension having reversed a third of the December slide. Any weekly close below the 38.2% Fib retrace of the bull market since May 2020 (as seen easier on a monthly continuous chart on tradingview.com) is now unlikely for the balance of January…
Arabica Coffee (KC) rebounded more than 2% yesterday (after reopening from the US Martin Luther King Jr holiday), and appears to want to halt the consolidation from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level should find strong support on any further pullback to the December low…
New York Cocoa (CC) surged another near 2.5% yesterday (after reopening from the US Martin Luther King Jr holiday), gaining for a 6th straight day. Although C closed yesterday at a fresh record high above the 2023 high, with how overbought C is on the monthly chart (as seen easier on tradingview.com), odds are moderately high for a swinging back to below upchannel resistance (on the weekly chart) by next week sometime…
Raw sugar (SB) edged more than 0.5% lower Friday (ahead of the US Martin Luther King Jr holiday), with the 3 week bounce off the psychologically key 20 whole figure level and the 76.4% Fib retrace of the 2023 bull market extension tiring. Any weekly close below the 38.2% Fib retrace of the bull market since May 2020 (as seen easier on a monthly continuous chart on tradingview.com) will dramatically increase the likelihood that SB has ended a major bull market…
New York Cocoa (CC) surged another more than 1% Friday (ahead of the US Martin Luther King Jr holiday), closing once again around upchannel resistance (on the weekly chart). With CC just shy of its 2023 and record high, odds are fairly low for a deeper consolidation this week…
Arabica Coffee (KC) slid more than 2% Friday (ahead of the US Martin Luther King Jr holiday), vulnerable this week to deeper consolidation from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level should find strong support on any further pullback to the December low…
Raw sugar (SB) edged more than 0.5% lower Friday, with the 3 week bounce off the psychologically key 20 whole figure level and the 76.4% Fib retrace of the 2023 bull market extension tiring. Any weekly close below the 38.2% Fib retrace of the bull market since May 2020 (as seen easier on a monthly continuous chart on tradingview.com) will dramatically increase the likelihood that SB has ended a major bull market…
New York Cocoa (CC) surged another more than 1% Friday, closing once again around upchannel resistance (on the weekly chart). With CC just shy of its 2023 and record high, odds are fairly low for a deeper consolidation this week…
Arabica Coffee (KC) slid more than 2% Friday, vulnerable this week to deeper consolidation from the 2023 high in December. The healthy profittaking from near the psychologically key 2 whole figure level should find strong support on any further pullback to the December low…
