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How High Can Sugar Prices Go ?

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Sugar Futures--- Sugar futures in the March contract settled last Friday in New York at 14.96 while currently trading at 15.37 a pound up about 40 points for the trading week hitting a 15 week high continuing its bullish momentum to the upside due to strong ethanol demand.

I was recommending the original position from around 14.57level & then also recommending to add to that position in last weeks trade around 14.90 as the average price is about 14.74 & if you took those trades place the stop loss in Monday's trade at 14.43, however in Tuesday's trade it will be raised to 14.62 as I might be looking at another bullish trade possibly next week.

The next major level of resistance is the August 1st high of 15.82 & if that is broken I think we can head up to the 17 level as I'm very bullish the commodity sectors as they have finally shown a spark of life in today's trade as the tax cuts in my opinion will act as a stimulus program to all of the agricultural markets.

Sugar prices are trading above their 20 and 100 day moving average telling you the trend is to the upside as major support was held around the 13.70 level over the last several months so continue to place the proper stop loss as who knows how high prices can go.




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

Skype Address: mseery TWITTER---@seeryfutures



If youre looking to open a Trading Account click on this link 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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