TradablePatterns
Long

Raw Sugar (SB) Confirms Double Bottom @ Descending Wedge Support

ICEUSA:SB1!   Sugar #11
SB             has just completed a double bottom with its 2010 low at .13 (on the spot price chart - go to stockcharts.com, pull up a 5yr weekly chart using symbol $sugar). Also key is the strong bounce off of support at an increasingly narrowing descending wedge . The March15 contract has lagged behind the October14 contract in this week's rally so far, but I am expecting March15 to catch up soon with open interest rolling into the March (and March showing heavier volume yesterday). Adding to my bullish tilt is the weekly RSI , MACD and Slow Stochastics all turning up now. Feel free to visit http://stks.co/g16aF for today's technical analysis on $SB_F, $KC_F, $ZC_F, $ZW_F, $NG_F, $VIX_F, $NQ_F, $NFLX, $ES_F, $TSLA, $USDJPY             , $EURUSD

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