October Sugar/At 2nd Resistance Pt. *PIC*
Oct Sugar has run up to the next significant price resistance pt of $25 since breaking out up over $22.25. Price needs to clear AND hold above $25 to expect a run to the double top area again. Seasonal trends are still strongly up. The 20ema is just crossing back up over the 50ema which is also a good sign. And the RSI 21 is back over the 50 line and rising. The Modified MACD has crossed its signal line positively but still under the 0 line. So far so good but price still needs to clear $25 to expect further strength. Resistance is resistance.