Sugar Prices Near 4 Week High

01 Sep in Blog, coffee futures, commodity trading, cotton futures, futures trading, Mike Seery, orange juice futures, seeryfutures, sugar futures

Sugar Futures--- Sugar futures in the October contract settled last Friday in New York at 14.03 a pound while currently trading at 14.30 up about 27 points for the trading week right near a 4 week high.

At the present time I'm not involved in sugar, but it looks to me that a double bottom around the 13.00 level has occurred as sugar is used as an ethanol product as gasoline prices in the United States have skyrocketed due to the fact of Hurricane Harvey as I think that is starting to support sugar and corn prices here in the short term.

Sugar prices are trading above their 20 day but still below their 100 day moving average which stands at 14.82 as prices look to retest the August 1st high of 15.16 in my opinion in the coming weeks ahead.

The chart structure at the present time is solid as we could be entering into a bullish position possibly in next week's trade as the risk/reward is starting to become into your favor as volatility is still relatively low therefore the monetary risk will be relatively low so keep a close eye on this market & look to play this to the upside.TREND: HIGHER–CHART STRUCTURE: SOLID



If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit

Skype Address: mseery TWITTER---@seeryfutures



If you’re looking to open a Trading Account click on this link


There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.

Home  | Privacy Notice | Risk Disclosure | Contact Us

Trading Futures and Options on Futures transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Past performance is not necessarily indicative of future results.

Trading results obtained by a client while trading a demo account may not be indicative of the results obtained
when trading a live account due to the fact that trades are not sent to a regulated exchange but they are sent
to a simulated off-exchange server.

© 2017. Seery Futures. All Rights Reserved.