date:Nov 08, 2012
move will likely be substantial.
Should sugar futures break below $19.25 support, the 52-week low of $18.81 will be squarely in the sights of bears, as it is an oft-used stop out level for current longs. Once breached, a wave of sell orders should be expected as bulls abandon their positions and fresh shorts enter.
Looking at the three-year chart at the bottom of the article, once $18.81 is broken, no support comes into play until $17.51 (8/10/10), with no major support emerging until $15.00