Sugar is up 120% this year.
Why doesn't it gets as much press as Gold which is only up by 40% this year?
You mean to tell me that Sugar is not the "real" currency? You mean to tell me that you can have Halloween, Easter, Valentines Day, Thanksgiving, Christmas and birthdays WITHOUT sugar? Come on, it is the real currency of love :)
The futures chart is coiling into a symmetrical triangle. The challenge with symmetrical triangles is that they can break out in either direction.
Notice how the momentum is also curling but RSI did not dip below 40. The bullish trend seems to be intact as yet. The chart is telling me that it is probably going to break to the upside.
Point to remember that according to Elliott Wave Principal, triangles usually happen in the 4th waves and break out from a triangle is the terminal move. So, if we go higher, probably blow off higher because of all the Pecan Pie I am going to consume in the holidays, that will be a terminal move in the trend. Look out below after that.
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