Near Term Trend: Neutral / Bearish
Fridays close: 14.14 (-0.17)
UPDATE: I recommended shorting sugar futures starting at 14.60 and continuing up to 15.10 with stops in place on a close above 15.10 and with a target of 12.07.
Sugar has started descending towards my ultimate target of 12.07. Stay with the trade.
Im staying with the same strategy as last week.