Arabica Coffee (KC) slid more than 3% yesterday, closing at a fresh June low below the May low. With KC decisively below the upchannel support (on the weekly chart), KC is now moderately likely to retest the March low by month end…
Raw sugar (SB) edged lower yesterday with its red daily Doji, closing just shy of the May and 2023 high. Increasingly, SB appears hesitant as seen by its red weeky Doji in extending the upchannel (on the weekly chart) and forming a fresh 2023 high in April…
New York Cocoa (CC) slid nearly 1.5% yesterday, falling a second straight day from Thursday’s fresh 2023 high. CC is vulnerable to furthering in its healthy profittaking and sliding deeper within the upchannel (on the weekly chart) ahead of the weekend. Any recapture of its 2015 high (formed that December) will likely have to defer until at least early Q3…
Arabica Coffee (KC) sunk more than 4% yesterday, closing at a fresh June low. With yesterday’s slide below the upchannel support (on the weekly chart), KC is now more likely to retest the March low by month end than it is to reclaim the psychologically key 2 whole figure level and the 2023 high (formed in April) in the same period…
Raw sugar (SB) tacked on another 1.5% plus Friday, closing just shy of the May and 2023 high. SB now appears to have a decent chance this US Juneteenth holiday shortened week of extending the upchannel (on the weekly chart) and forming a fresh 2023 high in April…
New York Cocoa (CC) slid more than 1% Friday after retesting Thursday’s fresh 2023 high, and is increasingly vulnerable to healthy profittaking and sliding back within the upchannel (on the weekly chart) after CC reopens from the US Juneteenth holiday long weekend. Any recapture of its 2015 high (formed that December) will likely have to defer until at least early Q3…
Arabica Coffee (KC) pulled back more than 1% Friday as it hesitates on Wednesday’s bounce from a fresh June low. Nevertheless, KC remains moderately likely to form a higher June low versus the May low.
Raw sugar (SB) tacked on another 1.5% plus Friday, closing just shy of the May and 2023 high. SB now appears to have a decent chance this week of extending the upchannel (on the weekly chart) and forming a fresh 2023 high in April…
New York Cocoa (CC) slid more than 1% Friday after retesting Thursday’s fresh 2023 high, and is increasingly vulnerable to healthy profittaking and sliding back within the upchannel (on the weekly chart) by early week. Any recapture of its 2015 high (formed that December) will likely have to defer until at least early Q3…
Arabica Coffee (KC) pulled back more than 1% Friday as it hesitates on Wednesday’s bounce from a fresh June low. Nevertheless, KC remains moderately likely to form a higher June low versus the May low…
