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Sugar Prices Hit A 14 Week High


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Sugar Futures--- Sugar futures in the March contract are trading higher by 18 points breaking major resistance which was hit on September 15th at 15.20 as we are now trading at 15.25 hitting a 14 week high.

I have been recommending 2 bullish positions with an average price of around 14.74 as I think prices could retest the August 1st high of 15.82 in the coming days ahead as the bullish momentum continues as I will also be looking at recommending another bullish position once the chart structure improves next week.

If you took the original trades place the stop loss under the 10 day low which now stands at 14.23 and in Monday's trade will be raised to 14.43 as the risk/reward are still in your favor.

Sugar prices are trading above their 20 and 100 day moving average as this trend is getting stronger on a weekly basis and if you are not involved in this market wait for some type of price retracement before entering into a bullish position as this is my only soft commodity recommendation at the current time, however I'm very close to entering into a bullish coffee and cotton trade as the commodity markets are starting to come alive once again which is a terrific thing to see.

TREND: HIGHER

CHART STRUCTURE: SOLID---IMPROVING

VOLATILITY---LOW

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 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.



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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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