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15.10. 10:40_Signal UPDATE Sugar Long from 13.10. 10:10_TAKE PROFIT

SIGNAL TERMINATED – SUGAR LONG – TAKE PROFIT

The sugar market has fulfilled its growth potential in the short term and the analysis is closed with more than a 30% return on investment.

ORIGINAL TEXT: Sugar Long. Yesterday, reaching a maximum of over 14.50 USc / lb and a subsequent correction was quite a logical phenomenon. However, traders’ reactions to lower oil prices appear to be short-termed and limited in price. Even fears of a fall in the price of ethanol are only locally limited. The massive jump in profits withdrawal no longer continues. Due to strong pro-growth fundamental information, the market is strengthening again and building a path to prices above 17 USc / lb.

Graph source: WebTrader

 

 

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