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Sugar : Bullish Price Action In Full Progress

Sugar : Bullish Price Action In Full Progress

Sugar #11 ICEUSA:SB1!

On the Daily chart of Sugar, price is trading in a three wave action. We are more and more viewing this three wave action as a new bullish cycle, because of a broken upper channel line and a very sharp action in current wave (iii) . That said price could be facing a correction in blue wave (iv) in days ahead before market will continue even higher within impulse.

Links to our previous updates on this Commodity :