Sugar - Continuation Lower. Finally Confirmed.
Wednesday Evening 13 April 2011
It apprared as though sugar might rally upside out of the trading
range, as we outlined in previous articles, but the downside was
the final direction. [See Sugar - Truth Time?, click on
http://bit.ly/hEpK5m, second paragraph. The long position taken
turned into a minor loss, but we calculated that as a potential
going in.
The chart below shows it all. the second bar from the end allowed
for an exit when it became apparent that ease of movement was
clearly heading south. Win some, lose some.
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