Sugar Daily Sep 21, 2023

Raw sugar (SB) reversed more than 2% yesterday, with the current weekly Gravestone/Doji having been rejected near Friday’s fresh 2023 intraday high. SB’s bull market from April 2020 is pausing, although the bounce from just below the 38.2% Fib retrace of the November to April bull market extension and near the 23.6% Fib retrace of the April 2020 to April 2023 bull market (as seen easier on a monthly chart on tradingview.com) remains strong overall as seen by the current green monthly candle’s upper shadow having edged above the upper range of the April candle…

Cocoa Daily Sep 21, 2023

New York Cocoa (CC) slid nearly 2% yesterday, and remains poised for more healthy profittaking ahead of the weekend after closing Friday at a fresh 2023 high near upchannel resistance (on the weekly chart). CC appears like it’ll need to consolidate further going into month end before it makes another attempt at retesting its record high (as can be seen easier on a monthly chart on tradingview.com)…

Sugar Daily Sep 20, 2023

Raw sugar (SB) gained another 1% plus yesterday, closing just shy of Friday’s fresh 2023 intraday high. SB’s bull market from April 2020 to April 2023 has begun extending in the past few weeks, with the bounce from just below the 38.2% Fib retrace of the November to April bull market extension and near the 23.6% Fib retrace of the April 2020 to April 2023 bull market (as seen easier on a monthly chart on tradingview.com) strong as seen by the current green monthly candle’s long body edging above the upper range of the April candle…

Cocoa Daily Sep 20, 2023

New York Cocoa (CC) formed a daily Gravestone yesterday, appearing poised for more healthy profittaking ahead of the weekend after closing Friday at a fresh 2023 high near upchannel resistance (on the weekly chart). CC appears like it’ll need to consolidate further going into month end before it makes another attempt at retesting its record high (as can be seen easier on a monthly chart on tradingview.com)…

Coffee Daily Sep 20, 2023

Arabica Coffee (KC) formed a daily Gravestone yesterday, suggesting elevated odds for healthy consolidation for the balance of the week after the strong bounce off just above the September low. KC is now likely to form a higher September high versus the August high, and to test descending resistance (connecting the April and June highs on the weekly chart) by April…

Sugar Daily Sep 19, 2023

Raw sugar (SB) formed a green daily Hammer yesterday, closing just shy of Friday’s fresh 2023 intraday high. SB’s bull market from April 2020 to April 2023 has begun extending in the past few weeks, with the bounce from just below the 38.2% Fib retrace of the November to April bull market extension and near the 23.6% Fib retrace of the April 2020 to April 2023 bull market (as seen easier on a monthly chart on tradingview.com) strong as seen by the current green monthly candle’s long body edging above the upper range of the April candle…

Cocoa Daily Sep 19, 2023

New York Cocoa (CC) sharply reversed more than 3.5% yesterday after closing Friday at a fresh 2023 high near upchannel resistance (on the weekly chart). CC increasingly appears like it’ll need to consolidate going into month end before it makes another attempt at retesting its record high (as can be seen easier on a monthly chart on tradingview.com)…