Raw sugar (SB) edged more than 1% higher Friday, at one point briefly trading just below the Jun 6 low. With last week’s weekly close comfortably above the 38.2% Fib retrace of the November to April bull market extension, SB suddenly appears to have overshot to the downside with the June low…
Raw sugar (SB) slid more than 1% lower yesterday after struggling Wednesday to reclaim the Jun 6 low. Any weekly close below the 38.2% Fib retrace of the November to April bull market extension will dramatically increase the likelihood of retesting the June low in the week after…
Raw sugar (SB) edged up almost 1% yesterday after reopening from the US Independence Day holiday. Although SB may eke out another day of gains today, SB is unlikely to reclaim the Jun 6 low this week…
Raw sugar (SB) gained more than 2% Monday (on the October contract) going into yesterday’s US Independence Day holiday. Although SB may eke out another day of gains when it reopens today, SB is unlikely to reclaim the Jun 6 low this week…
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…
