Sugar

The rest of the week saw Sugar reach the 3rd resistance area I mentioned @ 18.14 and just missed touching the 4th resistance area @ 18.27-18.30.  The high for this week happened on Thursday and was 18.24.  Friday saw significant selling down around 50 cents and registering a bearish candle.  On the daily chart we still have closing prices above the 20 and 50 DMA, but as of Thursday we had been above the 10 and 100 DMA as well.  We are still seeing higher highs and higher lows, but Friday's action puts the recent up move from bullish to neutral in my opinion.  If we take out the recent swing low of 17.35, then it moves from neutral to bearish.