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TFC Commodity Trading Forum

Re: Sugar Rat/Sugar Investor *PIC*
In Response To: Re: Sugar rat\Wayne ()

Here is the ETN:SGG in Black with its technicals that tracks the Sugar commodity. Overlaid is the March Sugar contract in light gray. Note it doesn't track closely in the early months as the front month then I posted about at its lows and then after was the October contract. So this March contract overlaid was a further out back month then. Note how the front month of March now tracks the ETN fine. Regardless on the Sugar ETN:SGG the key support levels are 85 and then 79 much like the March Sugar support points. This was much easier to trade earlier on in the run up but the last while has been hazardous and erratic. Most any stop would have been tagged by now both long and short alike. But support is support and resistance is resistance. So keeping that in mind those two key points of support and price resistance at the recent high have been what to focus on.

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Re: Sugar Rat/Sugar Investor *PIC*