Sugar likely going higher from here
Mis à jour
Sugar hasn't moved much in the commodity space but it looks like that's about to change
The quarterly chart is especially interesting as it's been bull flagging above a key historical level - the 18 cent mark, which also corresponds with the 50 week moving average support - so there's your risk perfectly defined. You could also argue it's flagging outside of a massive multi-decade symmetrical triangle (not as relevant imo but interesting).
The quarterly chart is especially interesting as it's been bull flagging above a key historical level - the 18 cent mark, which also corresponds with the 50 week moving average support - so there's your risk perfectly defined. You could also argue it's flagging outside of a massive multi-decade symmetrical triangle (not as relevant imo but interesting).
Note
Cute little H&S into the weekend 
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