SIGNAL REMINDER – SUGAR SHORT
The sugar market has earned many many short-term traders. Capital Analysis, however, are leaning towards more positional outlooks. Previously published analyzes of price declines still apply.
ORIGINAL TEXT: Sugar Short. Attention! The turnaround is coming, it sounds from many analysts in the sugar market. The price of this commodity reached 15 points and it became borderline. Current developments point to increasing nervousness in this market. Instability in bulk orders to which the market has become accustomed. Option markets are experiencing a decline in interest in other Call options Out of the money. This is a great signal for long-term bull investors. It means STOP. The situation may develop differently, but the data speak for themselves so far. Short analysis is another in a series published by Capital Analysis. In the event of a sale, one trend prediction will also end.
Chart source: WebTrader