SGG (Sugar ETF) will be added as both an Active Long Trade as well as a Long-Term Trade Idea at current levels. Suggested stop below 29.00. Price targets listed below may be adjusted based on the charts of $SUGAR (spot sugar prices). With the potential for a bottom in sugar prices, additional price targets may be added as well, depending on how the charts play out going forward.
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- SGG daily April 2nd
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- $SUGAR daily April 2nd
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- $SUGAR weekly April 2nd
On a related note, several of the charts from the Live Charts page, including the commodities charts, have been updated. I continue to believe that commodities will likely outperform US equities in 2015 although I’ll continue to trade the best looking setups, long or short, as the come.
click here to view the live, annotated chart of SGG (Sugar ETF)
click here to view the live, weekly chart of $SUGAR (spot sugar prices)
click here to view the live daily chart of $SUGAR (spot sugar prices)