Sugar Long. The Sugar 11 # contract (New York sugar) is still maintaining in a very strong Uptrend. Given the growth fundamentals, analysts can expect to reach 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 retail investors. This is a net trend following.
Chart and Table source: WebTrader