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Sugar Prices Have Broken Out !

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Sugar Futures---Sugar futures in the March contract settled last Friday at 14.64 a pound while currently trading at 15.17 as I was recommending a bullish position from around the 15.01 level risking around $800 plus slippage and commission.

Prices have now hit a 6 week high and I think there is the possibility prices could retest the August 1st high around 15.82 & if that is broken I think the 17/18 level could be reached as sugar prices look cheap in my opinion as a possible double bottom right underneath the 14 level has occurred.

The chart structure is excellent at the present time as the risk/reward is in your favor as the stop loss will improve in 2 days therefore lowering the monetary risk as I'm now currently recommending bullish positions in sugar and cocoa in the soft commodities as I'm bullish the commodities across the board except for the livestock sector at the current time.

Volatility in sugar has been relatively low except for today's trade which finished at session highs, but I do think going into the winter months sugar prices certainly will become more volatile and historically speaking they look very cheap in my opinion especially with high gasoline prices as sugar is used as bio diesel as well.TREND: HIGHER –CHART STRUCTURE: EXCELLENT

If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit

Skype Address: mseery TWITTER---@seeryfutures



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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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