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Sugar and Zinc Chart Patterns — September 26th 2009

September 26, 2009 at 10:34 by Vladimir Vyun

On the daily September sugar futures chart a downward symmetrical triangle pattern has formed. As you can see on the image, price is near the apex of pattern. Breakout is possible here soon. As this is a continuation pattern and sloped downward, the breakout will most likely be bearish. Click to enlarge the image to a full-size screenshot:

Sugar, September 2009 Futures, D1

A similar chart pattern has formed on the daily zinc chart. As you can see on the image, the price is rather far away from the apex of pattern. Breakout is possible in near future. Considering a long-term bullish trend on zinc, the breakout will most likely be upward. Click to enlarge the image to a full-size screenshot:

Zinc, D1, 2009-09-26

If you have any questions or comments regarding these chart patterns for the sugar and zinc futures, please, feel free to reply below.

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