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Sugar reaches highest price since March, issues fresh Signal
Tuesday, September 07, 2010
by Larry Baer of Zaner
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Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. October Sugar posted a strong rally today (9/7), reaching its highest point since March. This gives me a fresh buy signal for sugar on the daily chart, making 3 buy signals since mid-August. A lowering outlook on sugar production in Europe seemingly helped to support the rally. German agriculture officials report that refined sugar production for the 2010/11 season is likely to fall to roughly 3.67 million tonnes as compared with 4.2 million last year. The French farm ministry believes that the sugar beet crop this season will be down 13.3% from last year. These supply issues along with dryness concerns for next year's crop in Brazil have so far been enough to support the current uptrend. The sugar weekly charts are bullish and may be suggesting a strong move above 25.20. Call me for trade set-ups at (312) 277-0112. 
Call me for trade set-ups at (312) 277-0112 or toll free at 888-281-4161 or email: Lbaer@Zaner.com FREE subscription to my charts and set-ups newsletter (Paste & Copy): http://www.zaner.com/3.0/lbaer.asp For intraday updates follow me on Twitter: @LarryBaerTrader Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
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About the author
Welcome to my page! My name is Larry Baer and I am a senior broker with Zaner Group. I have been in the futures industry for thirty years and my prior experience includes a membership at the Chicago Board of Trade. During my ten years on the trading floor, I traded and managed a futures and options operation which serviced both retail and institutional clients. I am also the author of the Trader's Tool Box. While I have a strong respect for market fundamentals, I truly believe in the old adage, "the trend is your friend." And I have made the trend my best friend. I utilize a matrix of common technical indicators that when viewed together, generates a much stronger trading signal combined, than when viewed alone. The blend of this matrix with my own insights offers a complete technical picture of the markets. This is not a trading system, but a trading strategy which can assist or complement your own trading plan and style. If my three decades in the markets has taught me one thing, it's that the needs of traders vary as much as traders themselves. You may think you need full service when you don't, and often, vice-versa. Your trading style may be suited for tailored trading platform you are not aware of. My role is first, to help define your needs and to build a relationship from that point. Choosing the right broker is key to your trading goals. Here is what I offer my clients: - Trading Platform matching, training and backup.
- One-on-one consultation
- Risk-appropriate strategies which emphasize options on futures
- The Personal Touch: Guidance, assistance and customization of services
My client base ranges from full service to self-directed. Take a step in the right direction and contact me today, toll-free: 888-281-4161 or direct: 312-277-0112. You may also e-mail me at: Lbaer@zaner.com.
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