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TFC Commodity Trading Forum

Oct Sugar/Sugar Rat Maxed Out *PIC*

Oct Sugar continues to spin its wheels at its 10 day double top at the 31.50 area. This is also a Fib 161.8% retracement point of the Feb to May selloff. Seasonal trends in the 5yr, 15yr and 30yr charts all show a sharp reversal in price from a late July high to down hard from the end of July to the middle of September. The Sugar Rat is about to O/D again and return to rehab soon enough.