
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…