With the March Sugar contract expiring soon here is the May contract with much the same technicals. Price broke out over the 6 month downtrendline and rallied to its Jan high of 24.50. Price is presently clearing that Jan high. Price needs to hold above that Jan high to confirm the 'price' breakout after the downtrendline breakout. Holding above 24.50 would be bullish and confirm a valid breakout of both. It does not have to rally immediately after this price breakout and can just consolidate in a tight range above for awhile. Note the 20ema that has been bearishly below the 50ema since September has now just crossed above the 50ema for the 1st time since Sept which is medium term bullish. Not the holy grail but is important to be above the 50ema and rising to confirm an uptrend. So far so good with May Sugar. Next resistance is the broken 15 month uptrendline above. Meanwhile price must hold above the 'price breakout level' and hold to confirm this breakout and suggest higher prices. Seasonals as mentioned in attached post are bearish from the end of Feb to end of April. But seasonals can be early or late or even inverse in any single year. They just give you the odds of up or down or sideways on average. Bottom line: as long as price holds above the Jan high breakout point of 24.50 this uptrend is intact regardless.