Looking To Buy More Sugar

Sugar Futures-The volatility in sugar is extraordinary low at the current time as prices finished higher for the 3rd consecutive day up only 2 points at 12.59 a pound as this market makes molasses look fast.

I have been recommending a bullish position from around the 12.62 level and if you took that trade continue to place the stop loss under the 10 day low which now stands at 12.29 as an exit strategy, however if prices do break the November 5th high of 12.73 then I will be looking at adding more contracts to the upside as the risk/reward would be in your favor my opinion.

The stop loss will not improve for another 7 trading sessions so you will have to accept the monetary risk at this time which is relatively small at the current time which is only about $330 per contract plus slippage and commission as I'm still recommending it at today's price level as I do think the volatility will come to life as we just need some fresh fundamental news to create a spark into this commodity so stay long.

TREND: HIGHER--MIXED

CHART STRUCTURE: EXCELLENT

VOLATILITY: LOW

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

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