FxWirePro: Sugar faces strong support at $13.70, good to buy at dips

• Major resistance - $14.95 (7 W EMA).
   
• Major support - $13.70 (200 day MA)
   
• Sugar has made a low of $13.70 and started to recover from that level. It is currently trading around $15.04.
   
• Short term jump is possible till $15.4/$16.25/$16.75 is possible as long as support $13.70 holds.
   
• Any break above $14.95 confirms continuation of bull trend a jump till $16.25/$16.75 is possible. The commodity should break above $16.75 for major trend reversal.
   
• The commodity minor support is around $14.50 and break below targets $14/$13.70.

It is good to buy at dips around $14.75-80 with SL around $13.70 for the TP of $16.25/$16.75