Sugar appears to be in an impulsive wave 3 of wave 1. If this is the case and correct count we have most likely seen the bottom in the sugar market and the e- wave higher has started. Targets for the wave 3 of 1 per the oct contract come in at 18.78 on the upside. On a pullback to the low 17 cent range I will be starting a position trade as I believe we will be going much much higher in the next couple years....
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