Sugar Analysis

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sugar Analysis

Asset Class: Commodities
Instrument:  Sugar

This asset seem to have completed the long downward move withnessed by the head and shoulder formation in order to correct the upward 5 wave movement upwards withnessed earlier.

We would now be looking to buy into this commodity. we would be expeting the price of this asset to move upward to the 15.39 point so as to validate the retracement completion and the uptrend resumption for the intermediate wave 3.

We would consider this position valid as long as the 12.48(in Red) price point is respected.

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