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mjhillpp

SB Sugar turning neutral in light of bearish engulfing

mjhillpp  
ICEUSA:SB1!   None
SB neutral iceus softs rsi_overbought stochastic-overbought Bearish Patterns Support and Resistance
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sb neutral iceus softs rsi_overbought stochastic-overbought bearish supportandresistance
Turning neutral and watching closely. I think good entry for e retracement IMHO

- RSI & Stochastik with bearish indications and market is very overbought.
- bearish engulfing and hanging man (confirmed with bearish engulfing)
- spreads have been weak the last three days already indicating a trend change

I am neutral with a bearish bias, but need more confirmation IMHO

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