- Parabolic rise evident on monthly chart
- 19.73 previous high
- Dangerous to go against trend while still in motion. Against trading philosophy here
- Watch closely for sign of topping out on daily, then weekly for possible short trade. Much caution required.
- Note historically this has traded much much higher than current levels. Break of 19.73 could mean explosive upside move (1974 high 65)
- Mentally prepared for both parabolic reversal or upside explosion. Flexible.
03 August 2009
Sugar : Parabolic Rise
Labels:
COMMODITIES,
Stalking,
Sugar
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