date:Dec 14, 2012
of technical analysis at Ideaglobal.
Looking ahead, Mr. Gabriel said I would expect a continuation of the decline over the next two to four weeks toward the 18.25 area. Farther out on a multimonth basis, Mr. Gabriel said he saw potential for even more severe declines in sugar prices toward the low 17.00, high 16.00 area.
Overall, the technical picture still looks very bearish. Momentum indicators are either deteriorating or showing a particularly weak market. Sugar remains below short- and lon