Tuesday, May 24, 2011

Updates on Sugar: $SG_F



The trend in Sugar remains to the downside. The current sideways consolidation in Sugar Futures has been contained within parallel lines, adhering to corrective price action. W.4 red may have ended but the lower boundary of the corrective price channel would need to be broken to confirm that the downtrend had resumed. If the count is correct, look for 17.37-17.72 to end w.(3).

Best of Trading


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