New York Cocoa (CC) soared more than 1% Friday, closing just shy of the 2023 high (formed in September). Odds are now elevated for a retest by month end of the record high (as can be seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) edged more than 0.5% higher Friday, extending the rebound off just above the 2023 low. KC has broken above the September, August and July highs, halting the slide from the 2023 high in April and neutralizing the bearishness of the lower October low versus the September low…
Nasdaq100 (NQ) slid roughly 1.5% Friday, closing just above the September and October lows. With NQ poised to complete its Bear Flag consolidation (of the past month on the weekly chart) in the next week or so, NQ has all but made a lower 2023 high versus the 2021 high…
Raw sugar (SB) edged lower yesterday with a second straight daily Hammer, digesting Tuesday’s decisive break above triangle resistance (on the daily chart). Odds remain elevated for a retest of the 2023 high by early next week…
New York Cocoa (CC) edged higher with a daily Doji yesterday, with CC poised for a weekly close comfortably above upchannel support (on the weekly chart). CC has neutralized what had appeared in the last 2 weeks to be the early stages of an overall bearish October, and has quickly gravitated back towards the 2023 high…
Arabica Coffee (KC) soared more than 3.5% yesterday, extending the rebound off just above the 2023 low. KC is now testing the September high and has halted the slide from the 2023 high in April…
Raw sugar (SB) edged lower yesterday with its daily Hammer, digesting Tuesday’s decisive break above triangle resistance (on the daily chart). Odds remain elevated for a retest of the 2023 high by the weekend…
New York Cocoa (CC) edged higher yesterday, with CC comfortably back inside the upchannel (on the weekly chart). CC has neutralized what had appeared in the last 2 weeks to be the early stages of an overall bearish October, and has quickly gravitated back towards the 2023 high…
Arabica Coffee (KC) edged more than 0.5% higher yesterday with its daily Gravestone, extending the rebound off just above the 2023 low. With Monday/Tuesday’s launch from just above the psychologically key 1.5 whole figure level, KC has made progress in halting the slide from the 2023 high in April…
Raw sugar (SB) surged more than 1.5% yesterday, breaking decisively above triangle resistance (on the daily chart). Odds are elevated for a retest of the 2023 high by the weekend…
