Arabica Coffee (KC) edged higher yesterday with the weekly Hammer testing descending wedge resistance (on the weekly chart). Any weekly close above the psychologically key 1.50 whole figure level will greatly neutralize the slide from the April high…
Raw sugar (SB) surged more than 3% yesterday, breaking to a fresh 2023 high after reopening from the US Labor Day long weekend. With SB now comfortably above the psychologically key 25 whole figure level, SB’s bull market from April 2020 to April 2023 is extending….
New York Cocoa (CC) edged more than 1% higher yesterday, closing just shy of a fresh 2023 high. Odds are now elevated for CC to extend its upchannel (on the weekly chart) and test upchannel resistance by mid September….
Arabica Coffee (KC) bounced more than 1% yesterday with a weekly Hammer testing descending wedge resistance (on the weekly chart). Any weekly close above the psychologically key 1.50 whole figure level will greatly neutralize the slide from the April high…
Raw sugar (SB) surged a near 3% Friday ahead of the US Labor Day long weekend. With SB closing the week decisively above the psychologically key 25 whole figure level, SB’s bull market from April 2020 to April 2023 appears ready to resume in this holiday-shortened week…
New York Cocoa (CC) edged nearly 1% lower Friday after briefly forming a fresh 2023 intraday high Thursday. Despite the elevated odds for more healthy consolidation once CC reopens from the US Labor long weekend, CC remains likely to extend its upchannel (on the weekly chart) and test upchannel resistance by mid September…
Arabica Coffee (KC) slid more than 1.5% Friday with last week’s weekly Hammer getting rejected at descending wedge resistance (on the weekly chart). KC appears to be at moderate risk of retesting the August low in this US Labor Day holiday-shortened week…
Raw sugar (SB) surged a near 3% Friday ahead of the US Labor Day long weekend. With SB closing the week decisively above the psychologically key 25 whole figure level, SB’s bull market from April 2020 to April 2023 appears ready to resume in this holiday-shortened week…
New York Cocoa (CC) edged nearly 1% lower Friday after briefly forming a fresh 2023 intraday high Thursday. Despite the elevated odds for more healthy consolidation once CC reopens from the US Labor long weekend, CC remains likely to extend its upchannel (on the weekly chart) and test upchannel resistance by mid September…
Arabica Coffee (KC) slid more than 1.5% Friday with last week’s weekly Hammer getting rejected at descending wedge resistance (on the weekly chart). Once again, KC appears to be at risk of retesting the August low…
