againstthegrain

Be careful when/if shorting SB#11

ICEUSA:SBH2015   Sugar #11
I would not go short on SB#11 unless we break the 14-level. It is true the possible ABC sequence can turn into a 12345 downtrend, but at this point in time both scenarios are possible.
I would stay neutral for the time being, but if you really want to trade short-term, I would recommend evaluating a possible buy at levels above 14.90 with (keeping tight stops along the way).
I agree with neutral - ABC more probable for me
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