First off, let me say that I am becoming very bullish on many soft commodities over the longer term. Many (Sugar, Soybeans, Coffee and Coco) seemed to have bottomed earlier this Spring. Many are now moving into their 5-6 month IC lows.

Someone has followed me on my Sugar (SGG) trade so I wanted to post my latest thinking. Based on Time, we should be moving into an IC Low so I have closed out my SGG trade with some very nice profits. That said, my second weekly chart shows why we may have just seen a very mild IC Low based on my long term Red downtrend line providing support. If so, SGG should start moving higher shortly. If so, I plan to reload.

Screenshot 2016-07-25 21.54.08 Screenshot 2016-07-25 22.02.53