Tuesday 13 August 2013

Agriculturals' bear market is ending

I have posted about DBA's bottoming pattern before. We have seen a very strong bounce recently which broke the declining red channel. I do not follow all agriculturals closely but sugar and coffee, as you all know, have been my favorites. Sugar is performing well. Coffee still has to break up some important resistances.
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4 comments :

  1. Chartizt13 August 2013 at 19:43

    Sugar looks sexy..nice catch :)

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  2. bouraq13 August 2013 at 20:29

    The "unsloppy" version looks like this. :) Support/resistance lines of commodities should be drawn with chalk not pencil. :)

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  3. Chartizt13 August 2013 at 20:41

    looks like you have been doing some deep reading :))
    chartizt is me

    regards,

    Ahmed.

    ReplyDelete
  4. bouraq13 August 2013 at 21:55

    Ahmed thanks. I'm a bookworm :)))

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