Raw Sugar (SB) Breaks Daily Chart Downchannel Resistance
Darren Chu, CFA of Tradable Patterns - InsideFutures.com - Fri Apr 19, 1:20AM CDT

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Raw Sugar (SB) rebounded a massive 3.5% plus yesterday, breaking above downchannel resistance (on the daily chart) and closing just shy of the .13 whole figure level. The bigger picture is of SB gravitating towards triangle resistance (on the weekly chart). The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains. I am looking to enter long in the green zone (of the daily chart) Tuesday after the market reopens from the US Good Friday/Easter holiday, targeting the red zone for Thursday. The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

Raw Sugar (SB) Weekly/Daily/4hr

SB (Raw Sugar) Technical Analysis

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