14th Aug - Sugar #11 Still Slipping South
14 August 2014
WEEKLY CHART – CONTINUATION:
The market earlier recovered from the falling support line, but bulls have lost interest for now, with prices finally slipping back.
DAILY CHART – Oct-14:
Earlier bear break from the multi-month range recently saw a push below the 76.4% retracement level. There is little in the way of a return to the 15.72 Jan low area - but also note a channel base support below here, around 15.20 currently.
The 17.50 area remains first clear resistance.
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