This is my chart of sugar. Ascending trendline (purple) was broken, but sugar seems to gaining on a new momentum, which is going to continue upward cycle. Look, what stochastics indicator has been doing lately. If it crossed this low, it always caused smaller or bigger move in the given direction. this market is technical. My long is already in. I recommend you to open yours.
You can see a 50 moving average in the chart it bounced from yesterday. It doesn't seem to me like a strong resistance at all. Furthermore, a friend trader who masters Elliot theory also says we are going up.
