AndreasMunz
Long

SB Bullish, still on track

ICEUSA:SB1!   Sugar #11
Still bullish SB             as it appreciated over the past month. It really gained momentum has it had to break out from oversold conditions.

What happened over the course was the term structure (future spreads) are now in backwardation for the entire next year. This leaves me with remaining bullish as it foreshadows supply tightness coming out of Brazil.

Also the USDBRL             has come off of its highs and could provide some further support for a rally
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out