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…
Tag: SB_F
Sugar Daily Mar 26, 2024
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…
Sugar Daily Mar 25, 2024
Raw sugar (SB) slid nearly 1% Friday, with its red weekly Hammer closing near downchannel resistance (on the weekly chart). Nevertheless, 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…
Sugar Daily Mar 22, 2024
Raw sugar (SB) gained more than 1% yesterday, with the near complete weekly Hammer now above downchannel resistance (on the weekly chart). SB is once again refusing to extend the slide since late January, with a higher March low versus the December low now all but assured…
Sugar Daily Mar 21, 2024
Raw sugar (SB) bounced more than 0.5% yesterday, trying to reclaim downchannel resistance (on the weekly chart). SB is once again refusing to extend the slide since late January, although a higher March low versus the December low remains probable…
Sugar Daily Mar 20, 2024
Raw sugar (SB) reversed more than 2% lower yesterday after getting rejected at downchannel resistance (on the weekly chart). SB is once again vulnerable to extending the slide since late January, although a higher March low versus the December low remains probable…
Sugar Daily Mar 19, 2024
Raw sugar (SB) consolidated yesterday with a daily Doji, closing the week at downchannel resistance (on the weekly chart). SB increasingly appears likely to spend the next few weeks trying to neutralize the slide since late January, with a higher March low versus the December low probable…
Sugar Daily Mar 18, 2024
Raw sugar (SB) rebounded more than 1.5% Friday, closing the week at downchannel resistance (on the weekly chart). SB increasingly appears likely to spend the next few weeks trying to neutralize the slide since late January, with a higher March low versus the December low probable…
Sugar Daily Mar 15, 2024
Raw sugar (SB) edged more than 0.5% lower yesterday, but remains moderately likely to spend the next few weeks trying to neutralize the slide since late January. Any weekly close above downchannel resistance (on the weekly chart) will likely result in a higher March low versus the December low…
Sugar Daily Mar 14, 2024
Raw sugar (SB) formed a daily Hammer yesterday, but remains moderately likely to spend the next few weeks trying to neutralize the slide since late January. Any weekly close above downchannel resistance (on the weekly chart) will likely result in a higher March low versus the December low…