We have finally seen a proper bullish
activity in Sugar
. ATR has been slowing down since the August 2011 top, and a closer look shows that there is a little bit of enthusiasm in the final bullish
swing beginning from August 2015. The bullish
momentum may make us reach the downsloping UMLH, and the price action will be important thereat. Weekly look will hopefully inform us more about the three-month consolidation we have been experiencing. Thus, whether the next bar will be a red or green is left for lower time frame analyses, but in general, it seems we will touch at least the downsloping UMLH.