Saturday, August 4, 2007

Sugar #11 - Sweet Music

Sugar is still in a position to pullback and the characteristic of the pullback will tells us
much about the direction over the intermediate term.
The Commercial Trader work continues to call for a new bull market in sugar and seeing as these models are the lifeblood of my commodity trading I have to listen to what they say!
I am looking to establish a long position on the pullback, with targets of 9.72,9.46 and 9.20 as clear areas of support.

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