Olu

Sugar: Still Looking Lower

Short
Olu Updated   
OANDA:SUGARUSD   CFDs on Sugar
Comments on the chart
Comment:
Nice down day today. I am still looking lower
Comment:
good down move today. The move up after breaking the support area is in 3 waves which points to a retracement move. This move down could be the start of a much stronger one and 13.00 on this could be taken out in a spectacular manner
Comment:
Price fell again today despite weakness in the DXY. This could be a sign of inherent weakness in this commodity
Comment:
This price movement is making me reach for Pepto-Bismol. Move already. As price is hanging about the lower end of the price range the idea is still in play. We might need to roll into the May contract to get this move
Comment:
It took its time but price finally broke down today. Still looking lower
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