Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Down Breakout or Up Reversal for Sugar *PIC*

In my previous post I expressed worry about sugar’s breakout down through the bottom point 15.72, only 16 points lower from the live trading price. A head and shoulders in the present month Oct. contract (see the previous chart, the main one) would not stand up on non-balanced shoulders, neither does a double bottom seem to hold. But the late month next Mar. contract is contradictory to the present one in a perfect V pattern or a possible head and shoulders, see the chart below. So market participants face a dilemma, to buy or to sell. I would rather wait for a down breakout and get in instead of buying a bounce. I know now market can’t be predicted, but can be traded. Why don’t philosophers get in this business?