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

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.