The Softs ETN
is potentially signalling a breakout coming based on the daily. The Weekly also shows firming strength. Seasonality
wise, this is a bit early, but I'm seeing quite a few breakouts over resistance in things like Cotton, Sugar
, and Corn
is seeing strength too.
No hurry on this, however perk up on this, especially if the dollar strength starts to wane which would give an additional boost to this area of commodities
breakouts may initially fail, however they do tend to push back higher after a bit of consolidation.