rounded corner
rounded corner
top border

I Remain Bullish Sugar Prices


Bookmark and Share

Sugar Futures--- Sugar futures in the March contract are currently trading at 14.63 a pound after settling last Friday at 14.63 unchanged for the trading week as I have been recommending a bullish position from around the 14.57 level if you took the trade continue to place the stop loss under the 2 week low standing at 13.84 & in 2 days that will be raised to 14.00 as the chart structure will start to improve on a daily basis.

Sugar prices are trading above their 20 and 100 day moving average as the short-term trend is higher as volatility has come back into this market as this Friday afternoon we are higher by 40 points after trading lower by nearly 40 points in yesterday's trade as that is a good sign to see & as I've written about in many previous blogs the volatility in a lot of these commodity sectors is going to be to the upside not the downside.

For the bullish momentum to truly continue we need to break the September 15th high of 15.20 which is still about 60 points away as sugar is starting ride the coattails of unleaded gasoline which is hitting another contract high and is truly in a bullish trend, as sugar is used as a bio diesel as well and I do think these prices still look cheap in my opinion & if you're not involved I would still be buying at today's price level as the risk is around $750 per contract plus slippage & commission.TREND: HIGHER CHART 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



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.

Published by Barchart
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.


Copyright ©2005-2018 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Legal  •   Privacy Statement