Raw sugar (SB) bounced more than 0.5% yesterday but remains vulnerable to further healthy profittaking going into mid August continuing the reversal from the July high just above the psychologically key 25 whole figure level. SB’s bounce from just below the 38.2% Fib retrace of the November to April bull market extension and near the 23.6% Fib retrace of the April 2020 to April 2023 bull market (as seen easier on a monthly chart on tradingview.com) has reversed half its gains and no longer bullishly extends above the June monthly candle body upper range…
