Sugar seasonal pattern suggests up move
5p wedge so far, maybe will break now after a series of tight compression dojis.
Seasonal pattern suggest that sugar bottoming mid June and give a high until late July, early August
seasonal-charts.com/future_farmprodukte_sugar.html
Commodity Index chart attached remains to confirm the morning star pattern.
The only "negative" is that COT's are at nearly extremes with huge net longs. Not always the best thing if everyone is waiting the break out...
Off course commodities are trading most often than not inverse based on the US dollar action, and last night the mesmerise speaking white hair granny made her best to convince everyone that dollar should keep falling.
All the best guys and doll
Panos
Seasonal pattern suggest that sugar bottoming mid June and give a high until late July, early August
seasonal-charts.com/future_farmprodukte_sugar.html
Commodity Index chart attached remains to confirm the morning star pattern.
The only "negative" is that COT's are at nearly extremes with huge net longs. Not always the best thing if everyone is waiting the break out...
Off course commodities are trading most often than not inverse based on the US dollar action, and last night the mesmerise speaking white hair granny made her best to convince everyone that dollar should keep falling.
All the best guys and doll
Panos
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