Sugar #11 ICEUSA:​SB2!

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SB2! Commodities Futures Chart


AntMwah AntMwah SB2!, D,
SB2!: Symmetrical Triangle
12 0 0
SB2!, D
Symmetrical Triangle

Lots of consolidation going on here. Once this triangle breaks, jump on the new directional trend. Suspect this will turn into a very nice long but let's see.

keezergeezer keezergeezer SB2!, W, Long ,
SB2!: Big bottom from sugar
25 0 2
SB2!, W Long
Big bottom from sugar

Price action becoming bullish, though this could be a shorter counter-trend reaction. The commitments of traders shows the commercials being long sugar at the highest level in 25 years with large speculators conversely being equally short, a setup for a reversal.

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