Sugar Futures Trade Idea
This sugar futures trade idea is from a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Formation Finder portion from June 3rd.
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Last week Wednesday, we pointed out the 2nd leg objective in the Sugar market of 18.20 Check the 5/25 post if possible, that chart is blow for your convenience.
This objective has been reached late yesterday and in the overnight.
This completes the 2nd 360 point leg after the 50% retracement. Traders can be looking to get short on any close below today’s low of 18.10
OR more conservative traders can look for a close below the recent congestion near 17.60 or buy put options
Check out today’s October Sugar chart:
Here is last Wednesday’s chart (5/25/16):
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