Sugar and Brazil Relationship: Since Brazil has been the leading producer of sugarcane in the world, the value of the Brazilian Real plays a significant role in the price of sugar futures. Weakness in the Brazilian Real against the US Dollar encourages Brazil's sugar producers to boost exports. The logic is that a lower Brazilian Real incentivizes Brazilian...
1) weekly resistance 2) divergence between RSI and Price lines 3) last 2 weekly bars tells about confirmed possible trend change (shooting Star) 4) watch the volume - it goes along with the whole Idea
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 www.seasonal-charts.com 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...