Sugar Futures Trading Higher

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

October Sugar is trading at 19.73, up 0.13 cents/lb. March Sugar is trading at 20.22, up 0.13 cents/lb. Sugar futures are trading just under the session highs in a rangebound fashion. Market talk about weather forecasts for Brazil's sugar production regions is making the rounds. Chatter about India's weather and sugar production is constant. Government officials in the state of Maharashtra said that sugar production could fall nearly 40 percent due to lower planted area and lower yields. Good amounts of rainfall in the state Uttar Pradesh into late next week is expected.

20-Year Pro Trader Reveals His "MoneyLine"

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