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...
5p wedge so far, maybe will break now after a series of tight compression dojis. Seasonal pattern suggest that sugar bottoming mid June and give a high until late July, early August www.seasonal-charts.com Commodity Index chart attached remains to confirm the morning star pattern. The only "negative" is that COT's are at nearly extremes with huge net longs. Not...