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Started by Jim_M - Nov. 15, 2022, 10:33 a.m.

Sugar is also showing some impressive strength and seems extremely over priced.  

Re: Sugar
By metmike - Nov. 15, 2022, 11:27 a.m.
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Thanks Jim, great point!

1 month below-straight up the last2+ weeks. Something happened to trigger the sharp low at the end of October.

1 year below-the Oct. low was at major support, now we approach major resistance in an extremely short period of time

10 year below-definitely a flag/pennant/wedge formation. ...IN 2022, when looking at a wider time frame.  Which way will the price break?

50 year below-Interesting with lower highs and higher lows going back to the 1980s. Like a giant wedge/pennant over decades.

Re: Re: Sugar
By Jim_M - Nov. 16, 2022, 10:20 a.m.
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I read the article that you sent the link too.  Interesting.  I hadn't heard of India's export restrictions.  But apparently that isn't a "huge" issue with the coming sugar production coming online.  At least from what I can tell.