How many gangsters trading CANE? This could definitely be a meme 😆
CANE had a break of an ascending triangle on the daily. India sugar production is in question causing increases in the price.
Key stats
About Teucrium Sugar Fund ETV
Issuer
Teucrium Trading LLC
Brand
Teucrium
Expense ratio
1.14%
Home page
Inception date
Sep 19, 2011
Index tracked
Teucrium Sugar Fund Benchmark
Management style
Passive
ISIN
US88166A4094
CANE reflects the performance of sugar futures contract. It holds three sugar contracts at a time in a laddered fashion to mitigate the effects of contango. This method differentiates the fund from its GSCI benchmark, which holds the front-month futures contract. CANE's strategy can work in its favor should sugar fall into steep contango. The fund's commodities pool structure means a K-1 at tax time and a blended tax rate.
Want a SWEET Future ?Let's take a look at the monthly chart. Of course, it is easier to draw and analyse the charts on hindsight, plotting all the support and resistance level.
Rather than arguing if you are the first person to spot the bottom or breakout, I am more interested if this trend will persist and if the mar
Sweet Potential Gains ( Pun Intended)Sugar ETF Proving to be sweet, not only to the mouth but to the bank account as well.
Another Bullish Move.
Reasoning
Flat Consolidation seems done
Correction is not overextended
Double bottom with second low undercutting the first
Consolidation is long enough, 4 weeks
My Would Be T
Sugar Far Too Extended? Possible top in the making from here with 12.25 as the first downside target
CANE needs a little sugar in the tank Weekly chart.
Ideally, I like to see a more substantial move above the orange spiral and then a retest. Looks to be playing with the idea now.
If support on the orange spiral cannot be found, look for support on the lower green spiral for possible entry in the 7's
CANE: further downside potential?A price action below 8.95 supports a bearish trend direction.
Crossing above this level will negate the bearish trend direction.
Consolidation between 8.75 and 8.90.
Crossing below 8.75 might target 8.65 which is the previous low.
Sugar ETF ($CANE) Has an Inverted Head and Shoulders PatternThis is usually a bullish pattern. So, it is time to buy some sugar.
Cane trend neutral to down!Cane our long term position is showing weakness for moment neutral to down position dont add more!
CANE - Fertilizer Shortage TradeIt's a Brave New World. Fertilizer was facing a shortage going into 2022 (like most commodities, it has had a undersized amount of investment, with tech seeing most of the in flows) but after the Putin YOLO (that's my ELI5), potash is now in shortage. Using that fact as a basis for expanding my comm
Cane trend up....Cane has show some force based on oil in international markets... for moment its long
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