25th Jan - Sugar’s Long Term 76.4% Support Under Pressure
25 January 2013
MONTHLY CHART – CONTINUATION:
Previous 76.4% support has come under attack now, but note how the first rising support line is nearby, offering a further barrier to the bears.
DAILY CHART – Mar-13:
The bear channel base has been providing approximate ‘support’ and s/term weakness has now reached a Fibo projection around 18.00. S/term wait to see what support could be found here.
A recovery through the 19.75 02-Jan high at this stage would be a s/term positive sign.
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19th January - World Stock markets poised for breakout