March sugar (SBH27) futures present a selling opportunity on more price weakness.
See on the daily bar chart for March sugar futures that recent price action has negated an uptrend, to suggest that a near-term market top is in place. Prices hit a three-week low late this week. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line is below the red trigger line and both lines are trending down.
