Yes, it might be early, and yes sugar might go down a little bit more, but I think an uptrend is at hand.
1. There's a strong seasonal uptrend September, October
2. Commercials got a big long position, 105.904 contracts, which is actually 93,91% relative for the past 6 months.
3. Open Interest is mainly driven by Commercials (988.550 total contracts), Large Specs are the smaller player (581.399
total contracts) right now, so Commercials' long position should win the upper hand.
4. Technical, %R is oversold
5. Technical, ADX suggests a rather weak downtrend
6. It's heavily undervalued compared to gold (orange line)
We got 6 of our Axioms flashing bullish, so I bought SBH20 to make sure I'm in when the expected uptrend starts. I'm not in the business of chasing markets which are already on the run.
Disclaimer:
Trading and investing involves a substantial rik of loss.
Our recommendations are of opinion only and do not guarantee an profits. Past performances are not indicative of future results.
If you decide to invest or trade, all dcisions are your own.
1. There's a strong seasonal uptrend September, October
2. Commercials got a big long position, 105.904 contracts, which is actually 93,91% relative for the past 6 months.
3. Open Interest is mainly driven by Commercials (988.550 total contracts), Large Specs are the smaller player (581.399
total contracts) right now, so Commercials' long position should win the upper hand.
4. Technical, %R is oversold
5. Technical, ADX suggests a rather weak downtrend
6. It's heavily undervalued compared to gold (orange line)
We got 6 of our Axioms flashing bullish, so I bought SBH20 to make sure I'm in when the expected uptrend starts. I'm not in the business of chasing markets which are already on the run.
Disclaimer:
Trading and investing involves a substantial rik of loss.
Our recommendations are of opinion only and do not guarantee an profits. Past performances are not indicative of future results.
If you decide to invest or trade, all dcisions are your own.