Traders are Developing a Sweet Tooth for this ETF
Spot Sugar ($SUGAR) has been in a downtrend for years, but this commodity may be turning the corner with a higher low and falling wedge. The chart below shows the Sugar ETN (SGG) surging in February and then correcting with a falling wedge the last 3-4 months. The ETF reversed near the 62% retracement and is trying to break above the wedge trend line now. The indicator window shows Spot Sugar for reference.

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