sugar.... who has it right ? commercials or small speculators....

March Sugar 2014 update

Sugar has been everything but exciting the past few trading sessions.Major Resistance levels are around the 16.50 area which appears to be the 4th wave of this final 5th wave down that is still taking place. The commercials have increased there long positions while the small specs have increase their short holdings.Its been my experience that being on the side of the small speculators is hazardous. That being said commercials are often early in their price movement forecasts. So chose wisely!  

positions : still holding long from oct 1607 and resting orders to buy on a break over 17.17  on oct contract.