Sugar had a really strong up move today. Sugar was up 58 points to close at 9.56 cents on the October contract which brings sugar back to the top of the channel that it's been in for the last two months. So, if sugar can close above the top top of the channel and the Trend Seeker rating changes to Up, then that would be a signal to enter a long position in sugar. There's a number of resistance levels above the top of the channel. For example, the October chart shows a lot of resistance around the 11 cent level. Sugar will have to break through this level of resistance to have much chance of making significant gains. But, right now, we'll just have to wait and see what sugar is going to do in the near time.
To take a look at all of the prospective trades I'm considering right now, please go to
http://www.mylearn2trade.com.
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