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TFC Commodity Trading Forum

Sugar Rat/ Breaking Out *PIC*

The Sugar Rat successfully tested its pullback, falling past the breakout point but holding at the 1/2 way point of its previous channel. Price has now rallied back and cleared the mid Jan high resistance. Price must hold above the Jan high to confirm the uptrend. So far so good and the Sugar Rat sees and smells the cheese directly ahead. Seasonal trends are very bearish from the end of Feb to the end of April. Perhaps the Sugar Rat will only get a small taste of cheese at the broken uptrendline above before pulling back to its "Rehab" zone.