Raw sugar (SB) edged higher yesterday with its daily Doji hesitating just shy of the 2023 high. SB appears poised to resume the bull market since May 2020…
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….
Coffee Daily Oct 26, 2023
Arabica Coffee (KC) slid almost 3.5% plus yesterday for the 1st red daily candle in 7 days. The 2 week plus rebound off just above the 2023 low has stalled at downchannel resistance (on the weekly chart), but will likely resume by early November…
Sugar Daily Oct 25, 2023
Raw sugar (SB) edged higher yesterday with its daily Doji hesitating just shy of the 2023 high. SB appears poised to resume the bull market since May 2020…
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…
Sugar Daily Oct 24, 2023
Raw sugar (SB) bounced more than 2% yesterday, closing just shy of the 2023 high. SB is once again trying to resume the bull market since May 2020.
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…
Sugar Daily Oct 23, 2023
Raw sugar (SB) slid more than 1.5% lower Friday completing the week with a weekly Gravestone rejected just shy of the 2023 high. SB is once again within the triangle (on the daily chart)…