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26th Apr - New Downleg in Sugar Underway

26 April 2012

WEEKLY CHART – CONTINUATION:

Support has been coming from near a bull channel base projection. The recent breach of this is a fresh negative signal.

Next target is the 20.40 May-11 low, and then the 76.4% pullback level at 18.45.

DAILY CHART – Jul-12:

The current downleg here has now pushed below the 21.95 Dec-11 low. The next downside target/ support comes from the bear channel base projection at 20.70 currently.

S/term rallies should prove temporary at this stage, first potential resistance offered by the 22.45 12-Mar low.

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26th Apr - GBP/USD Now Testing Key Resistance

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19th April - Is buying Sterling the best way to register bearishness for the Euro?

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