06th Sep - Sugar Near Long Term 76.4% Support Again
06 September 2012
WEEKLY CHART - CONTINUATION
The recovery from near the 18.45 76.4% support was modest and it is again the focus of attention.
DAILY CHART – Oct-12:
The falling resistance line earlier provided clear resistance and the drop back has been as decisive as the previous recovery. The 19.24 Jun low has now been tested/eroded, calling for lower targets.
These include two Fibo projections, at 18.16 and 16.30, the latter being a 1.618 swing off the prior 19.24/24.00 upleg.
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