March Sugar – poised to rally

March Sugar – Sugar is in the final stage of completing a 5-wave continuation pattern. If you are not familiar with this pattern you can see that same type of pattern in the Heating oil and Crude oil, just before the latest rally. The current pullback could reach the 60% buy window (22.55) before turning higher. Even with the pullback, the market is still within the parameters of the bullish pattern. – Buy Sugar at 24.27 stop with the stop loss below the pivot low.

March Sugar