Sugar

Today's high of 18.76 hit the lower end of resistance area #5: 18.71-18.94.  It was a bullish day as it had a nice long body with a strong close near its high.  I do expect prices to find resistance in this zone.  It could be temporary though as we have seen great strength coming into this level the last two weeks.  However, let's remember we haven't had a weekly close above its 50 WMA since July 2012.  Let's see where we close out the week tomorrow.  The 50 week is around 18.74.