CC2! is in a sideways volatile market. It has made a vacuum to test the lows followed a failed retest on a final push below. Price has formed a strong hammer candle and also an inside bar. A potential long trade to the 2118 area could be in store.
Coffee has reached the top of the range and painted and nice piece of consolidation with two inside bars. A break to the upside could see price test the old high at the 144 area or a break on the low of the hammer could see price come back down to the 118 area.
Gold has made a textbook kickoff to what could be a very strong trend. A break of the high on the daily hammer/inside bar could see price move up to previous high at 1357.47. A break of the low will result in a failed hammer/inside bar and could open up some counter trending price action opportunities to re-enter for a nice second leg up.
Orange Juice has had an incredible move to the downside in an easy walk down fashion. Textbook counter trend price action has brought price up to where it is and has now formed a fake out inside bar after a double legged pullback.
