Possible ABC pattern forming in Sugar (SB). I'm entering at the current price targeting 19.50 at the median line (first week of May2014). There aren't any particular seasonalities but the pattern looks good to trade.
Comments
Mytradersblog
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In a recent webinair, I heared that there arenn't any fundamental reason (for now) for sugar to go UP. Also seasonally it has to go down till may (first decade). I think it would be a good idea to enter short from today level (around 18,00)
LEONES
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which webinar?
LEONES
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seem following nicely the bull pitchfork at the moment i wouldn't enter short, I would rather enter long on a pullback