Sugar’s Wild Ride

Apr 29, 2007: 2:17 AM CST

I don’t frequently review commodity futures charts, but in doing so, I couldn’t resist posting this weekly chart of Sugar.  The price doubled and then fell back to the previous price.  Talk about a wild ride!

We are seeing momentum buy divergences, meaning selling is likely drying up from a momentum standpoint.  Also, we are testing previous lows.

sugar.jpg

1 Comment

One Response to “Sugar’s Wild Ride”

  1. Bhupesh Says:

    PLease provide more details on Sugar charts