March sugar spent much of November basing, forming a channel between (roughly) 970 and 990, and had recently made a double top around 997. Friday was a doji bar, and with a bullish MACD crossover, things may be looking sweet for sugar (sorry about the terrible pun).
First resistance is a 50% retracement level at 1007, next objectives are the November high at 1020 then the October high of 1050.
