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Sugar Wave Analysis – 05 September, 2019

  • Sugar falling impulse wave (iii)
  • Further losses are likely

Sugar continues to fall inside the short-term impulse wave (iii) – which previously broke through the key, multi-multi-month support level 11.35.

The breakout of this support level is aligned the active impulse wave C – which belongs to the longer-term ABC-wave (B) from February.

Sugar is expected to fall further and retest the next support level 10.7500 (target price for the completion of the active impulse wave (iii)).

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