Sugar: Buy Opportunity with an end-of-year horizon. Long

Sugar No. 11 FuturesICEUS

Description

⋅ Sep 23, 2019 4:47 PM

Sugar has been trading within a 1M Channel Down for almost 1 full year (RSI = 40.519, MACD = -0.770, Highs/Lows = -0.1543). It is close to pricing a Lower Low, turning the current levels into a buy opportunity. Our Target Zone is 11.65 - 11.90.

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