Olu

Sugar: Still Looking Lower

Short
Olu Aggiornato   
OANDA:SUGARUSD   CFD Zucchero
Comments on the chart
Commento:
Nice down day today. I am still looking lower
Commento:
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
Commento:
Price fell again today despite weakness in the DXY. This could be a sign of inherent weakness in this commodity
Commento:
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
Commento:
It took its time but price finally broke down today. Still looking lower
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