Prompted by a bullish note from our commodity-savvy friend Mike Schurr, I called up a sugar chart and it does indeed look promising. Two Hidden Pivot targets come plainly into view, the lower of which, at 32.56, would represent an approximately 10 percent rally from current levels; the higher, at 33.76, a 15-percenter. The accompanying chart reveals details that will likely be of use to Pivoteers — and with the recent pop above a tiny look-to-the-left peak, to camouflageurs as well. _______ UPDATE: Sugar has gone into a dirge of consolidation after having gone no higher than 31.85. We’ll put this one on the back burner for now.
