SUGAR 11 - MONTHLY CONTINUATION CHART: The bull move has reached the long term 34.75 76.4% recovery level where we await better reaction -s/term resistance is currently apparent here.

SUGAR 11 - DAILY CHART MAR-11:

This year's brief new high followed by fresh weakness keeps the technical picture uncertain, with the long term 76.4% resistance (above) still having an effect.

The first negative sign here would be a drop through the 29.50 30-Dec low. But more key is dual support from the channel base projection and current 38.2% pullback at 27.85.