SolarEclipseN

SolarEclipseN Updated 

Sugar should find a temporary bottom around here as it comes into an upward trend line of support and runs into the 200-day EMA. If it were to bounce, there is some minor resistance at the $26.48 area. Otherwise, if that were to break, sugar would likely make a run to return to the highs. Now, if the 200-day EMA and the upward trend line were to break, there would...

SolarEclipseN

Oil should find a bottom around this support zone between $67.05 and $72.26 a barrel. If it does and starts to rally higher, there is major resistance at the $72.26 level. If this level is broken, the next resistance level is around $81.50, with substantial resistance up at $93.74 per barrel. If Oil can break the $93.74 level, it will likely make a run back to the highs.