Raw sugar (SB) slid nearly 2% yesterday, breaking upchannel support (on the 4hr chart). With SB back to prior downchannel resistance (on the weekly chart), odds are elevated for a breaking by next week sometime of the upchannel support connecting the lows of 2020 and 2023 as can be seen on a monthly continuous chart on tradingview.com…
Raw sugar (SB) slid more than 1.5% Friday, and is vulnerable to breaking upchannel support (on the 4hr chart) by early week. SB no longer appears likely to reclaim the 50% Fib retrace of the slide from the November high to the December low by mid April…
Raw sugar (SB) edged higher yesterday on a daily Doji, but remains vulnerable to testing its upchannel support (on the 4hr chart) by early next week. Nevertheless, odds are decent for a reclaiming of the 50% Fib retrace of the slide from the November high to the December low by mid April…
Raw sugar (SB) edged lower yesterday on healthy profittaking as seen by its red daily Doji. SB appears likely to test its upchannel support (on the 4hr chart) by early next week…
Raw sugar (SB) slid more than 1.5% yesterday on healthy profittaking. SB appears likely to deepen in its consolidation the balance of this week after being rejected by upchannel resistance (on the 4hr chart)…
Raw sugar (SB) edged higher yesterday with a Doji to start Q2 following the Easter long weekend. SB appears likely though to consolidate for much of this holiday-shortened week as it bumps against upchannel resistance (on the 4hr chart) and nears the 50% Fib retrace of the slide from the November high to the December low…
Raw sugar (SB) surged nearly 1.5% Thursday ahead of the Good Friday long weekend and end of Q1. With SB’s decisive break last week above downchannel resistance (on the weekly chart), SB increasingly appears likely to hold in April the upchannel support connecting the lows of 2020 and 2023 as can be seen on a monthly continuous chart on tradingview.com…
Raw sugar (SB) edged nearly 1% lower yesterday, consolidating this week’s break above downchannel resistance (on the weekly chart). With SB having since early March refused to extend the slide since late January, a higher March low versus the December low is all but assured…
Raw sugar (SB) surged 2% higher yesterday, breaking above downchannel resistance (on the weekly chart). With SB having since early March refused to extend the slide since late January, a higher March low versus the December low is all but assured…
Raw sugar (SB) edged 0.5% higher yesterday, with a weekly Doji trying to form near downchannel resistance (on the weekly chart). With SB having since early March refused to extend the slide since late January, a higher March low versus the December low is all but assured…
