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Looks as though Sugar has followed the charts we discussed here last week.
Sugar closed higher yesterday, filling the overhead gaps.
Our buy target was a break over the 580 level, which is what happened as buy
stops were hit as prices surged through the 590 level, eventually closing
over the pshchological level of 600.
I see prices continueing to the upside near term as the market looks to fill
tin the gapsbetween 605 and 611.
Next level of resistance may be 611 to 634 , support at 560.
Good trading .
All the Best,
Jerry Donato
P.S.
This is NOT a a trade reccomendation, only my personal opinion from my own
analisys and charts.
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