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Sugar has had a tremendously good start to the new year, with sugar #11 futures prices on the ICE exchange recently hitting a 2-year high. And while some additional momentum-driven gains are certainly possible in the days ahead, sugar is looking over-stretched and in need of a pullback. In this report, I'll make the case that sugar will soon run into resistance and "correct" some of its September-January rally before continuing its bull market.
Things have been looking up for sugar traders since the resource began its vigorous rally last September. Sugar futures prices have