The GBPUSD surged nearly 100 pips from Friday’s low to high, trying to extend its upchannel (on the 4hr chart). The Bull Flag (on the daily chart) though is tiring as the GBPUSD bumps against the 61.8% Fib retrace of the Jun 2021 to Sep 2022 slide (as can be seen more easily on a monthly chart on tradingview.com)…
Raw sugar (SB) slid more than 3% yesterday and is vulnerable to retesting the October low before year end. The red November candle is bearishly engulfing the October one (as seen easier on a monthly chart on tradingview.com) suggesting rising (and currently moderately low) odds for a topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
New York Cocoa (CC) edged higher to a fresh 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). Nevertheless, CC remains vulnerable going into mid December to healthy profittaking after the strong Bull Market extension from the September/October low…
Arabica Coffee (KC) soared a massive near 7% yesterday after reclaiming the psychologically key 175 whole figure level. KC is suddenly testing the 76.4% Fib retrace of its slide from its 2023 high (formed April) and comfortably above downchannel resistance (on the weekly chart)…
Raw sugar (SB) slid nearly 0.5% yesterday and appears increasingly vulnerable to deepening in its month and a half plus consolidation going into year end. The red monthly Gravestone (as seen easier on a monthly chart on tradingview.com) suggests moderate odds for a topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
New York Cocoa (CC) surged more than 1.5% yesterday to a fresh 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). Nevertheless, CC remains vulnerable going into mid December to healthy profittaking after the strong Bull Market extension from the September/October low…
Arabica Coffee (KC) edged lower yesterday with its daily Hammer, but remains poised to retest the psychologically key 175 whole figure level by the weekend. With KC back above the 50% Fib retrace of its slide from its 2023 high (formed April), there is a rising and moderate probability for a test of downchannel resistance (on the weekly chart) by mid December…
Raw sugar (SB) slid more than 0.5% yesterday and appears increasingly vulnerable to deepening in its month and a half plus consolidation going into year end. The red monthly Gravestone (as seen easier on a monthly chart on tradingview.com) suggests moderate odds for a topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
New York Cocoa (CC) surged more than 1.5% yesterday to a fresh 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). Nevertheless, CC remains vulnerable going into mid December to healthy profittaking after the strong Bull Market extension from the September/October low…
Arabica Coffee (KC) surged more than 2% yesterday, testing briefly the psychologically key 175 whole figure level. Odds are elevated for a weekly close above the 50% Fib retrace of its slide from its 2023 high (formed April), with a rising and moderate probability for a test of downchannel resistance (on the weekly chart) by mid December…
