Will Kijun Hold? Bear momentum drops. Key reversal lvl at 11,60 Sugar #11 ICEUSA:SB1! Kumowizard Daily: - On daily time frame bearish momentum dropped a lot today, Ichimoku setup keeps neutral, and Heikin Ashi signals start of consolidation. haDelta/SMA3 cross up, but for a valid bullish wave signal our smoothed haDelta needs to come back above zero line. - Kijun Sen started to act as a stronger support/resistance. Chikou Span also kept above past candles. Tenkan is well above Kijun - Key reversal area is 11,45-11,60 Weekly: - Weekly setup is still bearish . Question is how the candle and haDelta will look like after Friday close. If the daily momentum goes a bit more positive until week end, then we may have a less bearish weekly HA candle. - We have a possible bullish wedge within the major downtrend channel. Its top side is in line with Kijun Sen ard 11,60 -> confluent with daily key level. The to time frames have a bit mixed signals, but one confluent key level at 11,60! We have to watch it carefully in coming days and next week. On this continuos chart it is also a bit confusing, that front sugar contract has redemption on 29/October, and next closest contract March/2016 trades ard +60 pips premium. This itself will cause some spike on the charts after the October contract maturity.