06th Jun - Sugar Drops Towards Dual Support
06 June 2012
WEEKLY CHART - CONTINUATION
Following breach of the long term channel base the downmove has recently pushed below the 20.40 May-11 low.
Focus is now on the nearby 18.45 76.4% retracement, with possibility of support there.
DAILY CHART – Jul-12:
Following recent violation of bear channel base support current downside focus is on the Fibo projection at 18.43, nicely coinciding with the 76.4% level on the Weekly chart. A further reason for being on the lookout for support in that area.
S/term rallies should prove temporary at this stage.
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06th Jun - GBP/USD Now Nearing Key Support 
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31st May - How High the Bonds?