Yes, it might be early, and yes sugar might go down a little bit more, but I think an uptrend is at hand.
1. [Axiom VII] There's a strong seasonal uptrend September, October 2. [Axiom I] Commercials got a big long position, 105.904 contracts, which is actually 93,91% relative for the past 6 months. 3. [Axiom II] Open Interest is mainly driven by Commercials (988.550 total contracts), Large Specs are the smaller player (581.399 total contracts) right now, so Commercials' long position should win the upper hand. 4. [Axiom VI] Technical, %R is oversold 5. [Axiom V] Technical, ADX suggests a rather weak downtrend 6. [Axiom IV] It's heavily undervalued compared to gold (orange line)
We got 6 of our Axioms flashing bullish, so I bought SBH20 to make sure I'm in when the expected uptrend starts. I'm not in the business of chasing markets which are already on the run.
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