Sugar, a Head and Shoulders?
Sugar #11 Oct. closed at 15.91 Aug. 14. That may appeal to market traders entering a buy for a possible and perfect head and shoulders which would be left, head and right at 15.93, 15.72 and 15.84. The lure of taking a long entry for some market traders would be from a second consideration that the pattern is going to form at least a double bottom. I lost a lot doing that. So I warn right away for those like me. As a participant in futures and stock investment for 20 years and loser, I had this year bad trades doing so at big horizontal support levels. As past trades prove, wait for probable later right-side up or even go short. _ Peter Den