Bullish trend on sugar

The sugar contract for March of next year has kept a very good bullish trend as we can see on the daily chart. After it made a low at the 10.11 level, sugar rallied to the 11.00 zone to consolidate around that area for a few weeks. But the bullish momentum comes in again and the price breaks above the 12.00 level to go and visit the 200 day exponential moving average, around the 12.67 level where it tried to stall due to the fact that the zone had acted as a good resistance in the past. However, the price then breaks above that EMA and it rallies to the 14.00 level. The stochastics are around the 100% level, due to the strong rally that the price has made, but it is clearly over-bought and a bearish correction may come in from the current levels. None the less, if the price breaks above the 14.00 level, then its next resistance could be the 15.00 level.