Sugar Daily Sep 22, 2023

Raw sugar (SB) edged higher yesterday, but remains vulnerable to further consolidation going into next week after the rejection of the current weekly Gravestone/Doji near Friday’s fresh 2023 intraday high. SB’s bull market from April 2020 is pausing, although the bounce from just below the 38.2% Fib retrace of the November to April bull market extension and near the 23.6% Fib retrace of the April 2020 to April 2023 bull market (as seen easier on a monthly chart on tradingview.com) remains strong overall as seen by the current green monthly candle’s upper shadow having edged above the upper range of the April candle…

Sugar Daily Sep 20, 2023

Raw sugar (SB) gained another 1% plus yesterday, closing just shy of Friday’s fresh 2023 intraday high. SB’s bull market from April 2020 to April 2023 has begun extending in the past few weeks, with the bounce from just below the 38.2% Fib retrace of the November to April bull market extension and near the 23.6% Fib retrace of the April 2020 to April 2023 bull market (as seen easier on a monthly chart on tradingview.com) strong as seen by the current green monthly candle’s long body edging above the upper range of the April candle…

Sugar Daily Sep 19, 2023

Raw sugar (SB) formed a green daily Hammer yesterday, closing just shy of Friday’s fresh 2023 intraday high. SB’s bull market from April 2020 to April 2023 has begun extending in the past few weeks, with the bounce from just below the 38.2% Fib retrace of the November to April bull market extension and near the 23.6% Fib retrace of the April 2020 to April 2023 bull market (as seen easier on a monthly chart on tradingview.com) strong as seen by the current green monthly candle’s long body edging above the upper range of the April candle…

Sugar Daily Sep 13, 2023

Raw sugar (SB) gained more than 1.5% yesterday, forming a fresh 2023 intraday high. SB’s bull market from April 2020 to April 2023 is continuing. SB’s bounce from just below the 38.2% Fib retrace of the November to April bull market extension and near the 23.6% Fib retrace of the April 2020 to April 2023 bull market (as seen easier on a monthly chart on tradingview.com) is gaining momentum as seen by the lengthening current green monthly candle body…