Monday, 28 March 2016
Sugar: 28 March 2016, Monday, 10.15pm Singapore Time
Sugar: 28 March 2016, Monday, 10.10pm Singapore Time
Attached above is the technical analysis of Sugar.
Sugar is for buying right now in New York (US).
Note that the upper channel is newly formed, it is why a shakeout operation is conducted sharply so as to increase the strength of the upper channel. It is a standard market operation to build robustness in a technical formation. Sharp moves produce significant support-resistances. This is part of an advanced technical move, and is often used as a winning card to conduct a bluff.