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Barchart
Barchart
Jim Wyckoff

Buy Sugar Here Before Prices Rise Again on Global Deficits, Ethanol Production

Ethanol Deficit Commodity Futures Trading Commission

March sugar (SBH27) futures present a buying opportunity on more price strength.

See on the daily bar chart for March sugar futures that prices are trending higher, are near the high for the year, and that recent price action has formed a bullish pennant pattern. Bulls have the firm near-term technical advantage.

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