Sugar pushed a bit higher on Friday but I'm still of the belief that one more low is around the corner for the sugar market that could take us somewhere around the 9 cent area.( if we get here I'm a full bull) By the looks of the commercial money they are fairly close to an extreme net short position. Let's see what unfolds. Position: waiting and watching as of now and may take a short position on any daily resistance candle.
No comments:
Post a Comment