Sugar Long. The 11 # Sugar contract is still in a very strong uptrend. Given the underlying growth information, analysts can expect further highs. After all, in February of this year, the market was at the level of 16 USc on a futures contract. And these are definitely not historical highs. According to the COT report, the strong growth trend is supported by both institutional investors and small investors. This is a clear trend following.
Graph and table source: WebTrader