Technical Forecast for Sugar
August 26, 2013 at 10:45 AM EDT
Sugar #11 staged a recovery to reach resistance at 16.45 but failed to achieve 16.60/61. A break above Friday’s high of 16.53 should still target 16.60/61 & may reach as far as 16.65, if not today then perhaps later in the week. This level offers a selling opportunity with stops