March ICE sugar futures a buying opportunity on fresh price strength. See on the daily bar chart for March sugar futures that prices have made a good rebound from the September low and a fledgling uptrend line is in place. The bulls have gained some upside momentum recently and would gain more by pushing prices above chart resistance at this week’s high of 17.20 cents. That would also become a buying opportunity. The upside price objective would be 19.00 cents, or above. Technical support, for which to place a protective sell stop just below, is located at 16.50 cents.
