SBN10 – July Sugar (Last:16.70)

Subscribers’ interest in Sugar is hard to fathom, especially since it tends to do its thing during European hours even though it’s NYBOT-listed.  Do you perhaps think its bear market is near an end?  I surely don’t.  In any event,  for your guidance I will note that it will take nothing less than a print exceeding 18.13 (a high recorded on March 30) to turn the daily chart bullish.  Subtler and more immediate, though not quite as reliable, would be a print above 17.42 by week’s end.