date:Dec 14, 2012
ICE March sugar futures plunged to fresh 2012 lows Wednesday, amid a continuing and dominant bear trend on the daily chart. The sellers remain in control and there are few chart signals to suggest an end to the bear trend soon.
ICE March sugar recently traded down 34 points at $18.54 cents.
The market pushed under the most recent Nov. 9 swing low at $18.66 cents on Wednesday to score the fresh low for the year.
Bottom line? The prevailing bear trend is intact, said Terry Gabriel, global head