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October World Sugar Futures (SBV25) provides the opportunity to sell more price weakness.
See the daily bar schedule for world sugar futures in October and recently a low-year level. Trend is a friend of bears. See if I watched the middle of Sharo, I watched the short-term moving average (9 days and 18 days), because the red 9-day green is under 18 days and both lines are low. Sugar Market Bears are a solid technical dominance to offer lower price pressure in the near future.
Basically, the production of global sugar, including the main manufacturers reduced sugar futures due to the production of global sugar in Brazil, India and Thailand and a global sugar surplus.
In October, the world’s sugar futures became a movement in the lower 16.20 kopecks in the lower chart support. The following price object would be 14.00 cents or below. The technical resistance is located in 17.15 kopecks above the above to make a protective purchase.
Important Note: I’m a futures broker and do not manage any trading account other than my own personal account. Potential trade opportunities are my goal to point out to you. However, this is at your disposal: (1) If you want to start any trade and (2) (2) determine the size of any trade you want to start. Any trade I discuss is hypothetical in nature.
Behold, the Commodity Futures Trade Commission (CFTC) Futures said about trading (and I agree 100%):
Trading commodity futures and options are not for everyone. This is a variable, complex and risky work. Before putting any money in futures or selection contracts, you should consider your financial experience, goals and financial resources and know how much you can lose the above or a broker. You must understand your commodity futures and options and liabilities to enter these agreements. You need to understand the risk of risk and other aspects of the risk, and reviewing your broker’s riskless documents to give you your broker.
On the day, Jim Wyckoff did not have any positions (or indirectly or indirect) in any of these securities in this article. All information and information in this article are for informational purposes only. This article was originally published Barchart.com
