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Sugar Prices Up 7th Day
Monday, November 13, 2017

Sugar Futures--- Sugar futures in the March contract are trading higher for the 7th consecutive session up another 8 points at 15.04 a pound continuing its bullish momentum as I was recommending the original trade from around the 14.57 level and then recommending to add on last Friday around 14.90 and if you took those trades continue to place the stop loss under the 10 day low standing at 14.15 as the chart structure will also improve 2 days from now.

In my opinion I think sugar prices are looking to retest the September 15th high of 15.20 & if that is broken I think we can head up to the August 1st high of 15.82 as a longer-term bottom is in place as I think the bullish trend will continue in the short-term.

Sugar is trading above their 20 and 100 day moving average as the trend is higher as the volatility still remains very low despite the fact that we rallied 7 straight days, however prices have only moved up about 75 points as I think the volatility will start to increase down the road.

At the present time this is my only soft commodity recommendation as I'm very close to entering into a bullish coffee trade which could possibly be activated today so stay long & continue to place the proper stop loss as I still think there's room to run to the upside in sugar

TREND: HIGHER

CHART STRUCTURE: SOLID

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

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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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