Sugar… a sweet set up or just a head fake?

Sugar has held the piercing bullish candle low of 1470 that was made on the daily chart on tues. 

Intra-day we are set up for a wave 3 higher to the 1525-1530 price that could very well signal that this was the end of the D wave with the E wave to come. A weekly close above 14.94, 15.08, or even better 15.22 will go a long way as we have bounced off of the lower trendline .  

Front month continuation chart going back to the low in 03.....