Sugar still is grinding lower as of this morning in a possible wave 2 deep double zig zag.... for this count to remain we will need to see the low that was made on this contract (oct) hold at 15.72 . If we do infact hold then a push back towards the high will set up the wave 3 to the 22-23 mark. but first Lets see if we can get an up day.
There is a pattern that is repeating with commercials and large traders.... can you see it ? the small trader is also reaching an extremely short position which again makes me think that the next big move higher is getting ready to play out.
we will see
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