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Sugar Futures – Not So Sweet

Published 04/24/2017, 01:25 PM
Updated 07/09/2023, 06:31 AM
SB
0.82%

The March 2018 sugar futures contract has completed a 10-month failure top on the weekly and daily graphs.

Weekly Sugar

The daily chart displays a possible 3-week bear pennant. I am interested in shorting sugar even though it has fallen a long way from the October 2016 high.

Daily Sugar

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Latest comments

jibreelalgeriaApr 25, 2017, 01:50
Peter I believe taking out some forward contracts long and shorting the current is a smart move. fundamentals are shaky but any signs of bad weather we just might see those Algos trigger
RHTraderApr 24, 2017, 22:01
Failed with perfect head and shoulders bottom in soybean oil and now have reverted to a modest pennant in sugar? . . https://www.investing.com/analysis/soybean-oil's-perfect-pattern-200167188. .
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