Sugar a few minutes ago reached the expected level I was refering to in my previous idea.
The trend in bullish although we have a strong pullback just now.
The COT data metioned on the chart supports further climb (unless something happened in the meantime that we still don't know about).
As usual nothing is certain in the markets.
So as I see it with the data we have now Sugar will continue its climb respecting the 50MA as it did before. This is the reason why I engaged my first buy orders and keep monitoring the price action for further moves.
Good luck traders
Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
The trend in bullish although we have a strong pullback just now.
The COT data metioned on the chart supports further climb (unless something happened in the meantime that we still don't know about).
As usual nothing is certain in the markets.
So as I see it with the data we have now Sugar will continue its climb respecting the 50MA as it did before. This is the reason why I engaged my first buy orders and keep monitoring the price action for further moves.
Good luck traders
Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
