Raw sugar (SB) edged nearly 1% lower yesterday, consolidating this week’s break above 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…
Cocoa Daily Mar 28, 2024
New York Cocoa (CC) surged another 2% plus yesterday closing just below Tuesday’s fresh 2024 and record intraday high around the psychologically key 10k whole figure level. Tuesday’s intraday reversal can be expected to strengthen in the few days following the US Easter holiday long weekend with CC consolidating currently near the daily chart uptrend resistance and upchannel resistance (on the weekly chart)…
Coffee Daily Mar 28, 2024
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…
Sugar Daily Mar 27, 2024
Raw sugar (SB) surged 2% higher yesterday, breaking above 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…
Cocoa Daily Mar 27, 2024
New York Cocoa (CC) formed its first red daily candle in 5 days yesterday seeing some healthy profittaking after edging to a fresh 2024 and record intraday high around the psychologically key 10k whole figure level. Yesterday’s intraday reversal can be expected to strengthen in the few days following the US Easter holiday long weekend with CC consolidating currently near the daily chart uptrend resistance and upchannel resistance (on the weekly chart)…
Coffee Daily Mar 27, 2024
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…
Sugar Daily Mar 26, 2024
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…
Cocoa Daily Mar 26, 2024
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…
Coffee Daily Mar 26, 2024
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…
Sugar Daily Mar 25, 2024
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…