Raw sugar (SB) gained more than 2% yesterday (on the October contract) going into today’s US Independence Day holiday. Although SB may eke out another day of gains when it reopens Wednesday, SB is unlikely to reclaim the Jun 6 low this week…
Raw sugar (SB) bounced more than 3% Friday (on the October contract), forming its first green daily candle in 9 days after forming a fresh June low Thursday. Odds are elevated today for more short covering ahead of the US Independence Day holiday Tuesday, with SB having closed June back above the 38.2% Fib retrace of the November to April bull market extension…
Raw sugar (SB) slid more than 2% yesterday (on the October contract), falling for its 8th straight day and forming a fresh June low. Odds are rising for a short covering bounce as early as today though despite closing yesterday just below the 38.2% Fib retrace of the November to April bull market extension…
Raw sugar (SB) slid 2% yesterday, falling for its 7th straight day and forming a fresh June low. Odds are rising for a bounce as early as today though despite closing yesterday just below the 38.2% Fib retrace of the November to April bull market extension…
Raw sugar (SB) slid nearly 3% yesterday, falling for its 6th straight day and forming a fresh June low. SB is vulnerable today to briefly breaking the 38.2% Fib retrace of the November to April bull market extension, with moderate odds of testing the 50% Fib by mid July…
Raw sugar (SB) slid nearly 2% yesterday, forming a fresh June low. With SB sliding decisively below the psychologically key 25 whole figure level and the weekly chart upchannel support, SB is vulnerable to correcting deeper in July after being rejected several times near the April and 2023 high in May and June…
Raw sugar (SB) slid more than 3% Friday, forming a fresh intraday June low. With a weekly close comfortably below the psychologically key 25 whole figure level, SB is vulnerable today to breaking the weekly chart upchannel support…
Raw sugar (SB) slid almost 4% yesterday, and is vulnerable to a weekly close below the psychologically key 25 whole figure level and the weekly chart upchannel support. SB was rejected Monday and Tuesday from just below the May and 2023 high, and is increasingly likely to close on a weekly basis below the June low…
Raw sugar (SB) slid more than 1% yesterday, consolidating for a 2nd straight day just below the May and 2023 high. Increasingly, SB appears hesitant in extending the upchannel (on the weekly chart) particularly with SB appearing vulnerable today to breaking ascending wedge support (on the 4hr chart)…
Raw sugar (SB) edged lower yesterday with its red daily Doji, closing just shy of the May and 2023 high. Increasingly, SB appears hesitant as seen by its red weeky Doji in extending the upchannel (on the weekly chart) and forming a fresh 2023 high in April…
