14th Mar - Sugar Ponders Recovery at Long Term Support
14 March 2013
MONTHLY CHART – CONTINUATION:
Long term 76.4% support has been eroded but the first of the rising support lines is trying to hold back the bears’ advance now.
DAILY CHART – May-13:
A modest recovery attempt so far, off the falling ‘support’ line, has tested a 23.6% retracement just above 19.00.
Any bulls waiting in the wings will be looking for a further push to the 119.90 38.2% level, close to the 19.80 02-Jan high. A break of this latter area would be a bullish signal.
Next story:
15th Mar - Upward Momentum Draining From AUD/USD & NZD/USD 
Previous story:
07th Mar - EUR/GBP Rise Falters at 76.4% Resistance