Mike Lancy
Active member
HYMARKETS Commodities Report: Sugar
• Sugar broke resistance area
• Likely to rise to 0.2400
Sugar recently broke through the resistance area lying between the upper resistance trendline of the wide daily up channel from August of 2015 and the resistance level 0.2300 (which was set as the likely upward target in our earlier forecast for this instrument). The breakout of this resistance area accelerated the active minor impulse wave 3, which belongs to the sharp intermediate impulse wave (5) of the extended primary impulse wave Ⓒ from February. With the accelerating daily Momentum Sugar is likely to rise to the next resistance level 0.2400.
See more analysis at
• Sugar broke resistance area
• Likely to rise to 0.2400
Sugar recently broke through the resistance area lying between the upper resistance trendline of the wide daily up channel from August of 2015 and the resistance level 0.2300 (which was set as the likely upward target in our earlier forecast for this instrument). The breakout of this resistance area accelerated the active minor impulse wave 3, which belongs to the sharp intermediate impulse wave (5) of the extended primary impulse wave Ⓒ from February. With the accelerating daily Momentum Sugar is likely to rise to the next resistance level 0.2400.
See more analysis at
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