September 11, 2012
The COT is bullish.
In a bullish position historically testing the 2006 peak at 20.
October sugar has a nice weekly pattern.
But it’s too close to first notice day. So onto March 2013 sugar. The weekly has a huge triangle.
The daily has
EDIT: Opps! This is for October. The trade is for March.
+ NR7 = buy stop at 19.65. (Actually 20.28 for March 2013) Stop loss near 19.20.
+ Good volume the past 3 days, but this might be an artifact from rolling over contracts.
– Just had 3 up days.
– Medium term RSI might need one more dip down.
Update September 17, 2012: Moving a partial profit sell stop up to near today’s low of 20.61 and the other half’s stop loss is slightly less than break even near 20.19.
Update September 24, 2012: Stopped out +15%
Similar stops for comparison.