Arabica Coffee (KC) formed a red daily Doji Friday, hesitating just under the July low. Although the slide from the April high may be exhausting with a moderate probability for short covering going into mid week, KC remains vulnerable to testing the 2023 low by late week with KC still below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)….
Silver (SI) formed a daily Doji Friday, with odds rising for a further push to the psychologically key 25 whole figure level sometime this week. The bigger picture is of SI nearing a major triangle/downtrend resistance connecting the April 2011 and February 2021 highs (as can be seen easier on a monthly chart on tradingview.com)…
Raw sugar (SB) surged almost 2% yesterday, nearing completion on the triangle (on the daily chart). With this week’s weekly Hammer having bounced from the August low, SB is now just at low risk of testing the July low by month end…
New York Cocoa (CC) formed a daily Doji yesterday, remaining somewhat at risk of continuing the correction from the 2023 high (formed 2 weeks ago). Any test of the August low will coincide with a test of upchannel support (on the weekly chart)….
Arabica Coffee (KC) formed a daily Doji yesterday after bumping up against the July low. Although the slide from the April high may be exhausting with a moderate probability for further short covering going into early next week, KC remains vulnerable to testing the 2023 low by late next week with KC still below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Raw sugar (SB) rebounded almost 2% yesterday, nearing completion on the triangle (on the daily chart). With this week’s weekly Hammer having bounced from the August low, SB is now just at low risk of testing the July low by month end….
New York Cocoa (CC) edged lower yesterday, and is increasingly at risk of continuing the correction from the 2023 high (formed 2 weeks ago). Any test of the August low will coincide with a test of upchannel support (on the weekly chart)…
Arabica Coffee (KC) rebounded more than 2.5% yesterday off just above the psychologically key 1.50 whole figure level. Although the slide from the April high may be exhausting with a moderate probability for further short covering in the next few days, KC remains vulnerable to testing the 2023 low by next week with KC still below the 61.8% Fib retrace of the Jun 2020 to Feb 2022 bull market (as seen easier on a monthly chart on tradingview.com)…
Raw sugar (SB) formed a daily Doji yesterday, nearing completion on the triangle (on the daily chart). SB remains vulnerable to deepening in its consolidation since late June, and is now testing the August low…
New York Cocoa (CC) slid more than 0.5% yesterday, and is increasingly at risk of continuing the correction from the 2023 high (formed 2 weeks ago). Any test of the August low will coincide with a test of upchannel support (on the weekly chart)…
