Regardless of this bullish development, I still think that Sugar is poised to drop lower. So I have a new pending order at 16.77, targeting 15.10 (rounded off).
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| Sugar Futures Update, 24/04/14 |
Thursday, 24 April 2014
Sugar Futures - Adding to shorts
There seems to be a bit of bullish sentiment prevailing in the markets in regards to sugar, largely attributed to a weaker than expected output from Brazil. More here. Previous analysis calling for $15 here.
Regardless of this bullish development, I still think that Sugar is poised to drop lower. So I have a new pending order at 16.77, targeting 15.10 (rounded off).
Regardless of this bullish development, I still think that Sugar is poised to drop lower. So I have a new pending order at 16.77, targeting 15.10 (rounded off).
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