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Chart Structure In Sugar Is Excellent

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Sugar Futures--- Sugar futures in the March contract are trading higher by 10 points at 14.98 a pound as I have been recommending a bullish position with an average price of around 14.74 if you took that trade the stop loss has now been raised to yesterday's low at 14.73 as the chart structure is outstanding, however the stop loss will not be raised for another 9 trading sessions so you will have to accept the monetary risk at this time.

Sugar is still trading above their 20 and 100 day moving average telling you that the trend is to the upside, but for the bullish momentum to continue we have to break the November 17th high of 15.46 which was last weeks high as sugar has been riding the coattails of crude oil which hit another contract high in today's session up over a $1 as sugar is used as a bio diesel as ethanol demand has been very strong.

At the current time I'm also recommending a bullish position in cotton out of the soft commodities so continue to play this to the upside and you have not taken the original trade the risk from today's price level is around $300 per contract plus slippage and commission as the risk/reward are still in your favor in my opinion.




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



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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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