Possible Scenarios for Sugar

9 באוק׳ 2017

As you know, it was following a bearish channel, but consider the daily resistance line around 0.127, and the lower bullish trend line who prevented more fall of price for three times, & bad fundamental news from Brazil & India, I guess I`ll buy sugar soon-possibly after breaking the upper line of channel while moving averages confirm all this too (hopefully :). But if this won`t happen, we`ll have much more fall & maybe even the lower line of channel breaks (so dramatic!) heading for the other partial trend line. For now, we`ll wait, but if you`re love with setting up positions, set an approximate buy stop over the channel!