The Commodities Market Has a Sweet Tooth



Comments (3)

  1. Kim Bang says:

    Sweet research and a great call on Sugar closing the week up close to 10% from the time you published….How high can we go over the next few weeks?

    [Reply]

    Shelley Goldberg Reply:

    Kim;
    Thank you for your nice comments. Sugar’s next point of resistance is $0.20/lb, however it will not be immediate. From there resistance is at 21.60. Note that prices are trading above their 20 day and 100 day moving average and have surpassed their 2-year high meaning that the short-term direction is up but we should see profit taking along the way.

    [Reply]

  2. Kim Bang says:

    Shelley,

    Thank you. We took partial profits today at 19.10 on our s-t model looks like a consolidation is plausible before the next push higher…

    [Reply]

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