KSL : A breakout above 13.40 places 13.90-14.00 as the VST target
February 15, 2011 Leave a comment
It’s a shame KSL does not follow the futures price of sugar, because if would be trading at all time highs if it was! We suspect there might be a few million Thais who plant the stuff who might also like to see their crop receive global market rates, but alas a free market in the sweet stuff it is not. KSL looks a tad interesting after just testing key VST resistance at 13.40. A breakout here places 13.90-14.00 as the immediate target, but a failure to pass will probably see it dip back to 13.