Sugar and Brazil Relationship: Since Brazil has been the leading producer of sugarcane in the world, the value of the Brazilian Real plays a significant role in the price of sugar futures. Weakness in the Brazilian Real against the US Dollar encourages Brazil's sugar producers to boost exports. The logic is that a lower Brazilian Real incentivizes Brazilian...
1) weekly resistance 2) divergence between RSI and Price lines 3) last 2 weekly bars tells about confirmed possible trend change (shooting Star) 4) watch the volume - it goes along with the whole Idea