Sugar Futures - Adding to shorts

There seems to be a bit of bullish sentiment prevailing in the markets in regards to sugar, largely attributed to a weaker than expected output from Brazil. More here. Previous analysis calling for $15 here.

Regardless of this bullish development, I still think that Sugar is poised to drop lower. So I have a new pending order at 16.77, targeting 15.10 (rounded off).

Sugar Futures Update, 24/04/14

Sugar Futures - Heading back to $15

Sugar Futures - Renko Analysis

A perfect confluence of Elliott Waves, Median lines gives a target of $15.09 for sugar futures