Is the Sugar market getting ready to bounce?

Whilst markets have been a bit range based over the past few weeks, there have been opportunities for those who have focused enough on market internals. These include things like currency strength and weakness, commercial positioning and seasonal biases. 

Below is just one market we are actively watching right now...

MEMBERS: Watch out for the premium mid-week video update and research

NEW MEMBERS: Check out the Golden Playbook for exclusive access to advanced educational material and trade research

So what's happening with the Sugar market right now?

Apart from trying to stay away from it in our diets, there's a few reasons why it makes our watchlist:

1. We are retesting multi-year low points where buyers may creep in, or at least sellers will stop shorting. 

2. The Sugar market typically finds a strong seasonal rally in April, which is not far away. 

3. Commercials have been heavily buying into this move, as they hedge their exposure to a falling product. They are now reaching extreme levels which could indicate a potential turnaround.

Are we predicting the meteoric move that happening in August 2015? Heck no! We never predict - it's a futile game. All we can say at this moment in time is that there a few reasons why the market could potentially bounce higher at this point. 

A trailing stop loss may help us get a bigger move higher but we must always focus on risk management first and foremost!

NEW MEMBERS: Check out the Golden Playbook for an exclusive 10 DAY FREE TRIAL!

Natascha

 

Stay connected with news and updates!

Join our mailing list to receive the latest news and updates from our team. Your information will not be shared.

Close

50% Complete

Trade Your Way To Financial Freedom With Trader Prophets This Year!

This seventy six page guide covers everything you need to know to make this year a success using the financial markets. And, it's completely FREE saving you £97!

(In a seperate email, you'll also be asked whether or not you would like to receive future emails from us, in line with our privacy policy) #NOSPAM