Raw sugar (SB) slid a massive more than 7.5% yesterday, closing back below the August low to near the July low. With SB suddenly testing the 23.6% Fib retrace of the bull market since May 2020 (as seen easier on a monthly chart on tradingview.com) near 23, SB could bounce on short-covering going into the weekend…
Raw sugar (SB) slid more than 3% yesterday, closing back below the psychologically key 25 whole figure level and October low. The weekly Gravestone suddenly forming appears increasingly like a Bear Flag with rising odds for the December candle to lengthen and retest by January sometime, the 23.6% Fib retrace of the bull market since May 2020 (as seen easier on a monthly chart on tradingview.com) near 23…
Raw sugar (SB) bounced almost 3% yesterday, closing back above the psychologically key 25 whole figure level and October low after briefly breaking below it. The monthly Hammer suddenly forming suggests now low odds for the December candle to lengthen and retest by January sometime, the 23.6% Fib retrace of the bull market since May 2020 (as seen easier on a monthly chart on tradingview.com) near 23…
Raw sugar (SB) slid more than 3.5% Friday, closing around the October low after briefly breaking below it. Odds are moderate and rising for the newly forming red December candle to lengthen and retest by January sometime, the 23.6% Fib retrace of the bull market since May 2020 (as seen easier on a monthly chart on tradingview.com) near 23…
Raw sugar (SB) slid more than 3% yesterday and is vulnerable to retesting the October low before year end. The red November candle is bearishly engulfing the October one (as seen easier on a monthly chart on tradingview.com) suggesting rising (and currently moderately low) odds for a topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
Raw sugar (SB) slid nearly 0.5% yesterday and appears increasingly vulnerable to deepening in its month and a half plus consolidation going into year end. The red monthly Gravestone (as seen easier on a monthly chart on tradingview.com) suggests moderate odds for a topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
Raw sugar (SB) slid more than 0.5% yesterday and appears increasingly vulnerable to deepening in its month and a half plus consolidation going into year end. The red monthly Gravestone (as seen easier on a monthly chart on tradingview.com) suggests moderate odds for a topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
Raw sugar (SB) rebounded almost 1% yesterday but remains vulnerable to deepening in its month and a half plus consolidation going into year end. The monthly Gravestone (as seen easier on a monthly chart on tradingview.com) suggests moderate odds for a topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
Raw sugar (SB) slid almost 1% Friday and appears like it will need to deepen in its month and a half plus consolidation going into year end. The monthly Gravestone (as seen easier on a monthly chart on tradingview.com) suggests rising odds (albeit moderately low for now) for a potential topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
Raw sugar (SB) slid almost 2% Wednesday and appears like it will need to deepen in its month and a half plus consolidation going into year end (after reopening from the US Thanksgiving holiday). The monthly candle is once again a Gravestone (as seen easier on a monthly chart on tradingview.com), suggesting rising odds (albeit low) for a potential topping of the bull market since May 2020 and at the very least, a healthy multi-month pullback…
