Sugar Futures Have Been Trading Range Bound

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/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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