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TFC Commodity Trading Forum

Re: End of Sugar Decline?
In Response To: End of Sugar Decline? *LINK* ()

The article states, "since we are in fact bottom picking, a protective stop loss order should be placed no lower than $.1683"

A first dip down to 16.76 flushed 5000 contracts down the tube and cleaned the slate of his 'followers'. And as if that wasn't enough, a second flush edging a tick lower at 16.75 got a remaining 2500 contracts erased. Of course, its bounded back to almost 16.90 There's some clear divergence on the quick charts, including volume divergence described above. Having shed those fleas, maybe sugar will stop its itching and run!