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Sugar Rat/ New Rally Highs *PIC*

The Sugar Rat broke above the Jan high price resistance of 25.21 yesterday and tested this as support today and is now rallying above yesterday's high. Nice price action but price still must hold above the new breakout point now to suggest the uptrend is still intact. Next resistance is the broken uptrendline around 27. Some oscillators are getting very overbought now and seasonal trends are historically in the most bearish time period from the end of Feb to the end of April. The Sugar Rat is headed for the cheese but may run of of energy before that occurs. Watch the recent breakout pt of 25.21 that must hold as a guide. As long as that holds the uptrend is intact regardless of the technicals or seasonals. Price is king.

Messages In This Thread

Sugar Rat/ New Rally Highs *PIC*
Re: Sugar Rat/ New Rally Highs *LINK*
Re: Sugar Rat/ New Highs/May Contract! *PIC*