Raw Sugar (SB) Confirms Double Bottom @ Descending Wedge Support

25 Eyl 2014

SB has just completed a double bottom with its 2010 low at .13 (on the spot price chart - go to stockcharts.com, pull up a 5yr weekly chart using symbol SUGAR). Also key is the strong bounce off of support at an increasingly narrowing descending wedge. The March15 contract has lagged behind the October14 contract in this week's rally so far, but I am expecting March15 to catch up soon with open interest rolling into the March (and March showing heavier volume yesterday). Adding to my bullish tilt is the weekly RSI, MACD and Slow Stochastics all turning up now. Feel free to visit stks.co/g16aF for today's technical analysis on SB_F, KC_F, ZC_F, ZW_F, NG_F, VIX_F, NQ_F, NFLX, ES_F, TSLA, USDJPY, EURUSD

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