Sugar

Sugar was unable to see any follow through after confirming the double bottom pattern.  We have seen weakness the past 3 days and have close below all 4 moving averages (10,20,50,100).  The recent swing low is still holding, but this market is showing signs of moving lower.  The next support level to watch is @ 17.33, which is the 78.60% retracement level.  The MS1 is just below it and could hold as support again.  If we put in a new low, then we will look for new signs of a bottom.