Raw sugar (SB) edged more than 0.5% lower Friday (on the May contract), and is vulnerable to testing the December low sometime by late March despite last week’s green weekly Doji. Odds are moderately high for a decisive break sometime in the next week or so below 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 more than 0.5% lower yesterday (on the May contract), and is vulnerable to testing the December low sometime in March despite the green weekly Doji/Hammer trying to complete. Odds are moderately high for a decisive break sometime in the next week or so below upchannel support connecting the lows of 2020 and 2023 as can be seen on a monthly continuous chart on tradingview.com…
Raw sugar (SB) bounced more than 1% yesterday (on the May contract), but remains vulnerable to testing the December low in the next few weeks. SB appears to be on the brink of decisively breaking below 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 2% yesterday (on the May contract), and is arguably breaking below upchannel support connecting the lows of 2020 and 2023 as can be seen on a monthly continuous chart on tradingview.com. With SB forming a lower March low versus the February low Friday, and the weekly chart downchannel extending, odds are elevated for a test of the December low sometime by mid March…
Raw sugar (SB) gained another more than 2.5% yesterday (on the May contract), but remains vulnerable to testing the December low sometime in March. Odds are still moderately high for a decisive break sometime in the next week or so below 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 2.5% Friday (on the May contract), and once again is vulnerable to a break below upchannel support connecting the lows of 2020 and 2023 as can be seen on a monthly continuous chart on tradingview.com. With SB forming a lower March low versus the February low Friday, odds are elevated for a test of the December low sometime in March…
Raw sugar (SB) slid more than 4% yesterday (on the May contract), and once again appears to be vulnerable to testing an upchannel support connecting the lows of 2020 and 2023 as can be seen on a monthly continuous chart on tradingview.com. With the weekly Gravestone having failed to hold above the 38.2% Fib retrace of the December slide, and SB closing the month near the February low, odds are elevated for a test of the December low sometime in March…
Raw sugar (SB) edged higher with a daily Doji yesterday (on the May contract), and increasingly appears to have halted the consolidation from the January high. With SB having clawed back above the 38.2% Fib retrace of the December slide, it no longer appears likely ahead of the weekend to resume a prior dowchannel (on the weekly chart)…
Raw sugar (SB) gained another 2% plus yesterday (on the May contract), making progress in halting the consolidation from the January high. With SB having clawed back above the 38.2% Fib retrace of the December slide, it no longer appears likely ahead of the weekend to resume a prior dowchannel (on the weekly chart)…
Raw sugar (SB) bounced more than 1.5% yesterday (on the May contract) but remains at elevated risk ahead of the weekend of deepening the consolidation from the January high. SB has given up its 38.2% Fib retrace of the December slide, and is somewhat vulnerable to resuming a prior dowchannel (on the weekly chart)…
