Cocoa Daily Oct 26, 2023

New York Cocoa (CC) edged higher yesterday after testing intraday Monday’s fresh 2023 and record high. With the weekly Gravestone trying to form, despite the October candle having bullishly engulfed the September price action (as can be seen easier on a monthly chart on tradingview.com), CC no longer appears likely to test upchannel resistance (on the weekly chart) by month end….

Cocoa Daily Oct 25, 2023

New York Cocoa (CC) edged nearly 1% lower yesterday after Monday’s fresh 2023 and record high. Nevertheless, with the October candle having bullishly engulfed the September price action (as can be seen easier on a monthly chart on tradingview.com), odds remain moderate for an extension to upchannel resistance (on the weekly chart) by month end…

Coffee Daily Oct 25, 2023

Arabica Coffee (KC) surged another 1% plus yesterday, gaining for a 6th straight day and extending the 2 week plus 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…

Cocoa Daily Oct 24, 2023

New York Cocoa (CC) soared more than 1.5% yesterday to a fresh 2023 and record high. With the October candle having bullishly engulfed the September price action (as can be seen easier on a monthly chart on tradingview.com), odds are moderately high for an extension to upchannel resistance (on the weekly chart) by month end…

Coffee Daily Oct 24, 2023

Arabica Coffee (KC) edged higher yesterday, gaining for a 5th straight day and extending the 2 week plus 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…