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Buxton ND | 91 no clue on sugar fundy's
Here's what I'm looking at, sugar traded to a low of 10.13 late summer, lows from later 2008 (when most others commodities crashed and burned) were 10.44 and 10.51 So its went the full "round trip" kinda crashed in 2008 with everything else, off to mega new highs in 2010/2011 then back just taking out later 2008 lows.
I could be pulling at bullish strings here,,,,,, but could we say Sugar is the FIRST MARKET where the spec money is "Coming BACK to the Bull Party" ? ? ?
Those sheep thru the gates again ! ! !
I don't have flows on Rice but maybe Rice bet sugar to the punch.
They have more then tripled there net longs just in the last 3 weeks, from net long under 50 to net long 158k QUITE MASSIVE MONEY FLOWS to say the least. I'll let Mr. E post a chart and you see how those flows effect price.
BTW I've had that term "Let's Party" for awhile,,, just waiting for some dam market to give me a reason to use it ! ! ! ! ! Yeah that's worth a He Haw ! ! ! ! ! | |
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"Let's Party"
