Sugar

Recap where we left off after Sept 14th's post:
*Bulls want to see either a close above the 20 WMA and 100 DMA or support on any breaks around 17.30-17.43 (10 WMA along with 10, 20, and 50 DMA).
*Bears want to see prices close below that 17.30-17.43 area, which will set up a move to test that 16.70 low.

Update:
We saw this market pull back from the 17.71 resistance level over the next 3 days and it found support in the 17.30-17.43 area as shown on the daily chart.  Yesterday's trading saw a doji candle form right in this support area closing above the 10, 20, and 50 DMA.

The attached charts were taken early this morning, so it contains the overnight action in Sugar.  We saw a gap up opening from this support area, which is very bullish.  We are looking more likely to make another run at that 17.71 resistance level.  Let's see if we can close above it this week.