Technical forecast for Sugar

Sugar #11 hovering between 16.65 & August lows at 16.26 for about 2 weeks now. The general rule is to trade the range and wait for a breakout. A break lower sees 16.22 but below here we could target 16.09.

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Technical forecast for Soybeans

Soybeans formed a bearish double top in place & we warned of a sell off in to the end of the week. Yesterday as predicted we hit our

Technical forecast for Sugar

Sugar #11 hovering between 16.65 & August lows at 16.26. The short term is quite negative so a break lower cannot be ruled out so stops on longs

Technical forecast for Soybeans

Soybeans bounced towards 1366 but only made it to 1363. Resistance at 1361/63 today but above here may test resistance at 1379/82 for profit taking on any longs.

Technical forecast for Sugar

Sugar #11 hovering between 16.65 & August lows at 16.26. The short term is quite negative so a break lower cannot be ruled out so stops on longs

Technical forecast for Sugar

Sugar #11 hovering between 16.65 & August lows at 16.26. The short term is quite negative so a break lower cannot be ruled out so stops on longs

Technical forecast for Soybeans

Soybeans broke 1371/70 to hit our next target of 1361 but it looks like we will continue lower to 1351 today. A low for the day is expected

Technical forecast for Sugar

Sugar #11 staged a recovery to achieve our target of 16.65 as predicted. This level offered a selling opportunity with stops above 16.70 & this trade worked perfectly

Technical forecast for Sugar

Sugar #11 staged a recovery to reach resistance at 16.45 but failed to achieve 16.60/61. A break above Friday’s high of 16.53 should still target 16.60/61 & may