AndreasMunz

SB Sugar turning neutral in light of bearish engulfing

ICEUSA:SB1!   Sugar #11
Turning neutral and watching closely. I think good entry for e retracement IMHO

- RSI & Stochastik with bearish indications and market is very overbought.
- bearish engulfing and hanging man (confirmed with bearish engulfing )
- spreads have been weak the last three days already indicating a trend change

I am neutral with a bearish bias, but need more confirmation IMHO
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