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Sugar Trying To Become Sweet Again But Fails

Sugar Trying To Become Sweet Again But Fails

May 30, 2017

On May 22, the price of July sugar futures attempted to break out on the upside when the price rose above the 16.50 cent per pound level but the rally ended in tears as sugar fell back below 16 cents. In my latest piece for Seeking Alpha, I warn that sugar could be heading for a new and lower range and that critical support at 14 cents per pound may be the next target for the sweet commodity whose price action has soured after the most recent price failure.

Article: Sugar Trying To Become Sweet Again But Fails

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