The raw commodity sector is still in an overall slump, which has helped to produce worldwide deflationary worries. However, just the past few trading sessions there are “green shoots” showing in a few markets that could be very early clues the raw commodity sector “bust” is coming to an end. Sugar, coffee and silver prices […]
I track and follow approximately 50 different commodities and I must say that the softs sector where I do a fair bit of trading for clients is ignored too much in my opinion. In this piece I am going to briefly touch on four soft commodities that I track and trade with clients. Below you […]
Sugar #11 futures in March 14′ have retraced 38.2% and are challenging the trend line that has served as support since futures put in a bottom in late August. As of this post price action has dragged futures under their 20 day MA (red line) as seen below. This is the first trade under that […]
In the last seven weeks sugar futures have advanced just better than 15% making it one of the best performing commodities in recent months. Earning bragging rights trying to keep pace with the stock market which as of this post is trading at fresh records highs. Friday’s action spurred by a fire at a warehouse […]
Clearly the trend has been lower in sugar for the last two years with futures currently trading nearly half the value they were trading at 25 months ago. It does appear that we are consolidating just above the 16 cent level and we may have found an interim bottom. Within the last few weeks futures […]
In the last 18 months as one can see on the chart below sugar has been trending lower depreciating 30% dragging futures to their lowest levels in three years. There is no denying the direction of the trend and until we see prices retake the down sloping trend line we are grasping at straws. However […]
Sugar has just recently supported out at a long term support level. On the daily chart below you can clearly see a flat topped rising wedge pattern that is often a sign of a market bottom. This market is beginning to turn and we are now seeing signs that this market could begin to climb. […]
