03 August 2009

Sugar : Parabolic Rise

  • 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.

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