Olu
Short

Sugar: Still Looking Lower

OANDA:SUGARUSD   Zucker
68 3 2
Comments on the chart
Kommentar: Nice down day today. I am still looking lower
Kommentar: good down move today. The move up after breaking the support area is in 3 waves which points to a retracement move. This move down could be the start of a much stronger one and 13.00 on this could be taken out in a spectacular manner
Kommentar: Price fell again today despite weakness in the DXY. This could be a sign of inherent weakness in this commodity
Kommentar: This price movement is making me reach for Pepto-Bismol. Move already. As price is hanging about the lower end of the price range the idea is still in play. We might need to roll into the May contract to get this move
Have a look at coffee (/KC), it seems to be breaking to the upside
http://fingfx.thomsonreuters.com/gfx/ce/5/1799/1798/Pasted%20Image.jpg
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Olu roushboy
@roushboy, i agree. i have been watching coffee for a long time
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Nice trade mate,
Good luck
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