Sugar up more than 25% last 3 weeks

Sugar has spiked up more than 25% the last 3 weeks, breaking near-term trend line resistance and moving into High Volume resistance at 12.10-12.56 where we have seen a pullback. Expect the bears to continue to get squeezed targeting 13.28-13.69 over the near-term. Sugar is down from the 24 area since late 2016 and down from 36.00 since making highs in 2010.

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