Sugar: Still Looking Lower

Comments on the chart

Note

Nice down day today. I am still looking lower

Note

good down move today. The move up after breaking the support area is in 3 waves which points to a retracement move. This move down could be the start of a much stronger one and 13.00 on this could be taken out in a spectacular manner

Note

Price fell again today despite weakness in the DXY. This could be a sign of inherent weakness in this commodity

Note

This price movement is making me reach for Pepto-Bismol. Move already. As price is hanging about the lower end of the price range the idea is still in play. We might need to roll into the May contract to get this move

Note

It took its time but price finally broke down today. Still looking lower

Olu

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Olu