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Looking To Buy More Sugar


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Sugar Futures---Sugar futures in the March contract is currently trading at 15.18 a pound after settling last Friday in New York at 15.45 down about 30 points for the week as I have been recommending 2 bullish positions with an average price around 14.74 & if you took the trade place the stop loss which remains at 14.73, however in 2 days that will be raised to 14.90 as the chart structure will start to improve.

Sugar prices have tried to break the 15.50 level on 3 different occasions only to fail every single time as I will be recommending another bullish position if prices break that level as the risk/reward are in your favor due to outstanding chart structure at the present time as adding to winners & getting out of losers is the way to trade over the long haul in my opinion.

Sugar prices are trading above their 20 and 100 day moving average telling you that the trend is to the upside & if the 15.50 level is broken I think we will retest the August 1st high of 15.82 as sugar is riding the coattails of crude oil which is up another $1.50 today as sugar is used as a bio diesel as strong demand continues to bolster prices in the short term so stay long & continue to place the proper stop loss.

TREND: HIGHER

CHART STRUCTURE: EXCELLENT

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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