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Barchart
Barchart
Andrew Hecht

Will Sugar Reach a Bottom and Reverse Higher?

In a May 9 Barchart article on the sugar futures market, I wrote:

Even the most aggressive bull markets rarely move in straight lines, suffering periodic corrections. Sugar’s long-term trend remains high. If the sweet commodity can hold above technical support levels, the recent bearish price action could be a sweet opportunity to load up on the soft commodity that is a food and an energy ingredient. 

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