Raw Sugar (SB) bounced more than 2% Friday, closing at the high for the week, and is firmly above downchannel resistance (on the 4hr and daily chart) and descending wedge resistance (on the weekly chart). Weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains. I am flat after profitably closing a long Friday and will look to re-enter long today in the green zone (of the daily chart), targeting the red zone by mid week.
Raw Sugar (ICE SB Jul17) Weekly/Daily/4hr/Hourly
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