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Sugar Prices Near 4 Month High

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Sugar Futures--- Sugar prices are trading higher for the 2nd consecutive session in the March contract currently trading at 15.45 a pound after settling last Friday in New York at 15.37 up slightly for the trading week continuing its bullish momentum right near a 4 month high.

I've been recommending 2 bullish positions with an average price around 14.74 & if you took the trade place the stop loss under the 10 day low standing at 14.73 as the chart structure will not improve for another 8 trading sessions so you will have to accept the monetary risk at this time, however the bullish momentum is getting stronger on a weekly basis as sugar prices are riding the coattails of crude oil which hit another contract high today.

The next major level of resistance is the August 1st high of 15.82 & if that is broken prices could trade into the 17 level as I still think prices look cheap especially on a monthly basis. Strong demand for ethanol continues to push sugar prices higher and strong demand for oil continues to push that commodity higher and I don't think that will stop anytime soon so continue to play this to the upside as I will also be recommending adding a 3rd contract possibly next week so keep a close eye on this market as adding to winners & getting out of losers is the way to trade over the long haul 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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