Raw Sugar (SB) Daily MACD Positively Crossing
Darren Chu, CFA of Tradable Patterns - InsideFutures.com - Thu Feb 07, 9:31PM CST

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Raw Sugar (SB) slid on a bit of profittaking yesterday as it readies to retest downchannel resistance (on the daily chart) and the psychologically key .13 whole figure level. Although SB could continue consolidating today, bulls will be positioning for a potential rally in the next week towards the January high, with longer term bulls eyeing the October high. The weekly and daily RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains. I am long as of yesterday at .1288, and am targeting the red zone for Tuesday. The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

Raw Sugar (SB) Weekly/Daily/4hr

SB (Raw Sugar) Technical Analysis

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