Checking out the commitment of traders report on Friday. It seemed to show that the commercials have just moved to the positive side of the zero line and small traders have moved further onto the short side of the sugar market. usually I look for extremes of the commercials and small speculators for potential trend changes in the market to confirm my wave count. we don't have any extremes as of now but commercials becoming net buyers could be a sign that this market may turn in trend .Below is a chart showing the commercials getting in on the long side.
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