Sugar - again an good long entry - brakeout trade
The sugar price is following the new bullish trend line. I have drawn the new trend line which should be followed by an 1-2-3-4-5 Elliot wave (you can see the full Elliot wave in my first sugar analysis from November 26) if the new trend line does not brake within the next weeks.
50D moving average is delivering still strong bullish signals.
RSI & MACD are both still bullish and have a lot of space to grow.
50D moving average is delivering still strong bullish signals.
RSI & MACD are both still bullish and have a lot of space to grow.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.