Here is another way to look at it.
Sugar is in a small consolidation. You can wait untill it breaks out, to make your decision. If it breaks down, you are good. If it breaks up, take profits.
I am not a CTA, so you have to decide for yourself. I am just saying that is one of the plays I would consider. It all depends on how long I had been short, and whats already on the table.
As flighty as I am, I'd probably exit and sit on the side till the market makes up it's mind.