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Sugar Prices Higher 4th Day In A Row


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Sugar Futures---Sugar futures in the March contract are trading higher for the 4th consecutive session up only 5 points at 14.89 retesting the November 1st high continuing its bullish momentum as I've been recommending a bullish position from around the 14.57 level as the stop loss has now been raised to 14.03 as the chart structure is still very solid at the present time.

The next major level of resistance is the November 15th high of 15.20 & if that is broken I think the bullish trend will continue as sugar is riding the coattails of gasoline and crude oil which are hitting another contract high as I think the commodity markets are starting to turn the corner to the upside.

I will be recommending to add another position to the upside once the risk/reward become in your favor which could happen on the next price retracement or early next week so keep a close eye on this position as adding to winners and getting out of losers is the way to trade in my opinion over the course of time.

Sugar prices are still trading above their 20 and 100 day moving average as the volatility still remains very low as sugar historically speaking can become very volatile it just hasn't occurred yet as there is no weather problems in key sugar growing regions around the world at the current time.

TREND: --HIGHER

CHART STRUCTURE: ---IMPROVING

VOLATILITY: LOW

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

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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.



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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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