SUGAR @ 20.13 (US SUGAR) WAVE UPDATE
Watch the larger wave formation it looks like US SUGAR has formed a 1-2-1-2 formation on larger time frame.
As per the current wave formation now key level to watch is 17$. If US SUGAR manage to hold this support levels then US SUGAR can move upside towards minimum 39$ to 44$ mark.
If this wave formation is active then in months to come we can expect a move in SUGAR stocks in our market also.
This view fails if US SUGAR breaks 17$ on closing basis
Watch the larger wave formation it looks like US SUGAR has formed a 1-2-1-2 formation on larger time frame.
As per the current wave formation now key level to watch is 17$. If US SUGAR manage to hold this support levels then US SUGAR can move upside towards minimum 39$ to 44$ mark.
If this wave formation is active then in months to come we can expect a move in SUGAR stocks in our market also.
This view fails if US SUGAR breaks 17$ on closing basis
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