Comments on the chart
Comment:
It took a week but sugar has finally broken down. The downmove has been strong. Price is at support area right now and could bounce. So depending on your trading composure it might be a good idea to scale back positions. The weekly chart is still alluding to the possibility of more downside.
Comment:
Not fazed by the upmove today as I exited via a tightened stop. Still bearish though and will put up another idea when I think the time is right