Arabica Coffee (KC) surged more than 1% yesterday, and is positioned to complete the weekly chart Bull Flag consolidation since late December by early April. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…
Raw sugar (SB) edged 0.5% higher yesterday, with a weekly Doji trying to form near downchannel resistance (on the weekly chart). With SB having since early March refused to extend the slide since late January, a higher March low versus the December low is all but assured…
New York Cocoa (CC) surged another near 8% to a fresh 2024 and record high. With CC having extended to above the daily chart uptrend resistance and to what is arguably upchannel resistance (on the weekly chart), odds are moderately high for a reversal following the Good Friday/Easter long weekend to back below the psychologically key 8k whole figure level…
Arabica Coffee (KC) edged nearly 0.5% higher yesterday, and is increasingly positioned to complete the weekly chart Bull Flag consolidation since late December by month end. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…
Raw sugar (SB) slid nearly 1% Friday, with its red weekly Hammer closing near downchannel resistance (on the weekly chart). Nevertheless, with SB having since early March refused to extend the slide since late January, a higher March low versus the December low is all but assured…
New York Cocoa (CC) gained nearly 4.5% Friday to a fresh 2024 and record high. With CC having extended to the daily chart uptrend resistance, odds are moderately high for a reversal by this week sometime back below the psychologically key 8k whole figure level…
Arabica Coffee (KC) edged nearly 0.5% lower Friday, but remains positioned to complete the weekly chart Bull Flag consolidation since late December by month end. A higher March low versus the February low is all but certain and would reinforce the bullishness of the higher March high versus the February high…
WTI Crude (CL) edged lower Friday with a daily Gravestone, completing a weekly Gravestone that was rejected at a fresh 2024 high. Odds appear fairly elevated for a deeper consolidation by mid week to below the psychologically key 80 whole figure level…
Raw sugar (SB) gained more than 1% yesterday, with the near complete weekly Hammer now above downchannel resistance (on the weekly chart). SB is once again refusing to extend the slide since late January, with a higher March low versus the December low now all but assured…
New York Cocoa (CC) gained more than 2.5% yesterday to a fresh 2024 and record high. With the near complete weekly Hammer though just below the weekly chart’s steeper upchannel resistance (connecting the February and March highs) and CC tiring near the daily chart uptrend resistance, odds are moderately high for a reversal by next week sometime back below the psychologically key 8k whole figure level…
