Sugar Prices Hit New Contract Lows

22 Jan in Blog, Cocoa futures, coffee futures trading, commodity trading, cotton futures, lumber futures, Michael Seery, milk futures, orange juice futures, Seery, sugar futures

Sugar Futures— Sugar futures in New York today hit a fresh contract low closing down 21 points in the March contract at 18.16 a pound also hitting a fresh 2 1/2 year low trading far below 20 & 100 day moving average continuing its bearish momentum and now looking at the next major support all the way back to May 2010 of around $.14 a pound and in my opinion I never like to buy contract lows which generally means lower

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