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

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