The commodity ended 2017 with a loss of over 23.0% also last week manage to drop almost 5.8% and made a phase change, shifting from a bullish to a distribution phase. Last week the sugar initially fell with a wide range and closed near the low of the week, furthermore the soft commodity managed to close below the previous week low, which suggests a strong bearish momentum. The stochastic is showing a weak bearish momentum although is still above the 50 mid line. The commodity seems to remain in a range bound mode between 15.14 down to 13.29 and with some fake breakouts to the upside. Expecting an upward move to a peak of the consolidation zone at 15.14 on a bounce from the weekly support at 13.29 (scenario 1) however a bounce from the peak of the consolidation zone at 15.14 may trigger another downward push to a weekly support at 13.80.