Inside Futures: Relevant trading-focused information authored by key players in the futures, options and forex industries

I Am Bullish Sugar Prices
Monday, October 30, 2017

Sugar Futures---Sugar futures in the March contract is trading higher for the 2nd consecutive session as I have been recommending a bullish position from last Friday from around the 14.57 level & if you took the trade place the stop loss under the 10 day low standing at 13.84 as the risk is around $800 per contract plus slippage and commission as the chart structure is excellent at the present time.

Sugar prices are trading above their 20 and 100 day moving average as the trend is to the upside as we have broken out of a 5 week consolidation as the 14.00 level held on multiple occasions as sugar is starting to follow crude oil which is also hitting another high in today's trade.

The next major level of resistance is the September 15th high of 15.20 & if that is broken I think there is room to the upside near the 17 level so continue to play this higher and if you're not involved wait for some type of price retracement before entering as I think prices have bottomed out.TREND: HIGHERCHART STRUCTURE: EXCELLENT

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: mseery TWITTER---@seeryfutures

FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER

Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.

Recent articles from this author

Sugar Prices Hit A 2 Month High - Tuesday, January 15, 2019
Are Hog Prices Going Higher ? - Tuesday, January 15, 2019
Corn Prices Hit A 7 Week Low - Tuesday, January 15, 2019
Are Soybean Meal Prices Going Higher ? - Sunday, January 13, 2019
Platinum Down $7 For Trading Week - Sunday, January 13, 2019

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.

Home • Charts & Quotes • Commentary • Authors • Education • Broker Search • Trading Tools • Help • Contact • Advertise With Us • Commodities

Markets: Currencies • Energies • Financials • Grains • Indices • Meats • Metals • Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.

About Us • Sitemap • Terms of Use • Privacy Policy