Sugar (sb) macro BULLISHHH
We broke bullish market structure on higher time frame. Price is making higher highs and we are currently at the best risk rewards area. Previous low of $17.20 must remain untapped for bullish continuation. If we do break $17 then most than likely we’ll be expecting a retrace towards the $14 price range but for now it looks great.
From a lower timeframe:
Price is holding well so far but ideally $18.8 must hold.
If we lose this level then $18.4 should be the next area of interest.
As long as we DO NOT break below $18.30, bullish momentum should continue.
From a lower timeframe:
Price is holding well so far but ideally $18.8 must hold.
If we lose this level then $18.4 should be the next area of interest.
As long as we DO NOT break below $18.30, bullish momentum should continue.
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