Near Term Trend: Bearish / Neutral
Fridays close: 14.04 (+ 0.14%)
UPDATE: I wrote to short sugar at 13.79 with stops in place on a close above 14.05 and with a target of 12.63.
Sugar continued its ST rebound this week, but is running right into ST projected resistance. Any close above 14.31 will open the door to a possible run to 15.50.
I would still be shorting at 14.05 with stops on a close above 14.31 and with a downside target of 11.39 (adjusted lower).