I Think Sugar Prices Are Going Higher

04 Mar in Blog, Cocoa futures, coffee futures trading, commodity trading, cotton futures, lumber futures, Michael Seery, milk futures, orange juice futures, Seery Futures.com, sugar futures

Sugar Futures-- Sugar prices were very quiet in New York today finishing down 6 points in the May contract at 17.74 a pound consolidating in the last several days. I’m still recommending a long position in sugar placing my stop below the 10 day low which is around 16.40 and that stop will be moved up on a daily basis as the trend still continues to the upside as we have seen low volatility in the last several days.

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