Sugar, follow up

Here is a brief follow up on a sugar trade I mentioned recently and you can see how well a trade comes around with the knowledge of where to expect interest kick in. This is in no way predicting the future, but looking for signs of active pro money in the places where it makes sense to them to become involved. When the markets are at low ebbs, pro money buys, and when at peaks pro money sell into the buying frenzy that the herd are so anxious to throw money in there.

Long term view on the weekly. To an untrained eye there is not much different here from the chart I posted recently. But what it apparent is the strong move up and no hesitation in taking it long. Only deep pockets can cause this to happen. I drew on a line and my reasoning comes into play on the next chart.

Daily chart. The line shows nearer term support and resistance and has been broken in grand style. No signs of weak bulls and no effort from the bears to reign in the upward move. Any short term bears are all licking their wounds after seeing such a long move down, those with the smarts will have scaled out of shorts into the historic buying area from way back.

4hr chart. I moved the previous line up in order to show where closer in bearish activity has been wiped out and just look at the power behind that move. It will at first appear to have come out of nowhere, but this is the power of professional money turning the market and stamping their authority on taking it long. It is getting closer to where the herd will come in, but not before a false move may happen and get more low cost entry prices for the bulls. When you look at the long term chart there is no major profit to be made by taking this short. All the money is over head for a long way.

I am sure there are plenty people who sign up for signal services and so called secret information on the market by men in dark glasses with close connections to Wall Street. If you believe half the hype they would remind of of the guy in the cartoon who can do amazing things.

Enjoy the free charts and I hope it benefits you in some way. It is now up to you to find these entries over and over again. I have posted enough of these prior to the major moves and you should know there are no snake oil salesmen here telling you this after the fact.