Look To Buy A Rejection Of The Sugar Pullback
Benedetto DiCostanzo | Oct 04, 2015 04:23AM ET
Sugar's strong rally off its August lows has taken it past the 200 DMA. Sugar has three consecutive closes above the average, signaling a shift in sentiment that has favored Bears over Bulls to a bullish market. It made a high today at 13.55, which hasn’t been seen since this past May. I see resistance at 1366 and 1381 in H Sugar next week, which may result in a pullback to test the 200 DMA down at 12.76. I look to buy the rejection of the pullback looking for H Sugar to test 14.00 to 14.20.
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