Tuesday, April 17, 2007

White Sugar Gains in London on Speculation Yesterday's Losses Overdone

(Bloomberg) -- White sugar futures gained in London as some investors deemed yesterday's loss excessive.

Sugar's 14-day relative strength index, a chart used by traders to measure the momentum of price movements, was at 38.8 today and at 35.3 yesterday. A reading at 30 or lower typically signals prices will gain, whereas a reading higher than 70 signals a decline.


Read more at Bloomberg Commodities News

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