Sugar Prices Near 5 Month Highs

03 Jan in Blog, coffee futures, commodity trading, cotton futures, futures trading, lumber futures, Mike Seery, orange juice futures, seeryfutures, sugar futures

Sugar Futures--- Sugar futures in the March contract are trading higher for the 6th consecutive session all do to strong ethanol demand as sugar is now riding the coattails of crude oil which is hitting another yearly high in today's trade as I'm currently not involved in this market, but I'm looking for some type of retracement before entering into a bullish position as the chart structure is extremely poor at the present time.

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