/SB - Sugar Futures 1-year
SGG - Sugar ETF 1-year
Sugar Futures have been tradiing range bound between approx 22.75 support and 24.50 resistance. This gives the consolidation pattern a height of 1.75 (24.50-22.75).
We are watching for a break of support or resistance to play this pattern, most likely via SGG…sugar etf. SGG is not very liquid, so position size will be fairly small.
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