Yesterday I presented a chart for $COFFEE and such doesn’t go without $SUGAR. Here 20 year weekly chart for $SUGAR which I have extended into 2035.

Like COFFEE, observe a RED BULL FLAG for SUGAR. Like $GOLD … SUGAR topped in 2011 and created a 10-year BULL FLAG from which SUGAR BO during 2021 and has been back-testing (BT) the LARGE RED BULL FLAG via a SMALL BLUE BULL FLAG on top from which it BO (break-out) January-2023 and coincidence nicely with the VERTICAL FIBONACCI lines.

Last week (or two) SUGAR did BT the little BLUE HOR.SUPP. line taken from 2016-TOP; you have to look closely. This BT is equal with former weekend presented HOR.SUPP on $CRB. Therefore SUGAR-BULLS want to see this BLUE line HOLD @ 0.24 with W-EMA(30) @ 0.23 as for margin. Interestingly the little charted cycles meets the cycles on other commodities and this CYCLE-LOW comes during the month of July. Therefore as for charted CYCLES, next (intermediate) TOP comes July-2025 and where the LARGE CYCLE LOW could also become a TOP (2027) as the TWO LARGE CYCLES become part of ONE. If so there is reason to believe that NEXT VERT.FIB around August-2034 might become NEXT MAJOR TOP. Such in itself seems even plausible once and if the USD as a currency becomes obsolete as any other FIAT; meaning USD become worthless while SUGAR revaluates higher and higher for worthless USD; not now instantly but within 10 years’ time.

As for indicators: 4 horsemen (TSI, MACD) seems to be more ahead when compared to COFFEE. Charted RSI (see thumbnail) is interesting as it shows a BT and therefore confirms potential SUPPORT.

SUGAR SUGAR … HONEY HONEY

IMO. DYODD.