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Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
Sugar #11 futures rallied today (6/28) as the U.S. dollar index declined.
This move higher gives me a buy signal for October sugar on the daily chart. This is the fourth buy signal sugar has suggested to me since the end of May and comes after a few sessions of consolidation. Sugar is also giving me a buy signal on the monthly chart this month (June). It looks as if sugar may be positioning to make a run at recent highs put in at the beginning of the year around the 34-36 range.
Call me for trade set-ups at (312) 277-0112
For me views on other markets visit my weblog, Larry Baer's Options & Futures Trading Strategies: http://larrybaer.com
Get a FREE Zaner Group Trading Plan Template: http://www.zaner.com/3.0/ljstradingplantemplate.asp?rid=lbaer
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SEE CHART
Call me for details and trade set-ups at (312) 277-0112
or toll free at 888-281-4161
or email: Lbaer@Zaner.com
Review what I consider a "buy" signal watch Larry Baer's Traditional Trending Strategy video: http://www.youtube.com/watch?v=iro7sFQRG5k
Visit my weblog, Larry Baer's Options & Futures Trading Strategies: http://larrybaer.com
Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
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