Jump to content

Trade of the Week: short sugar


Recommended Posts

The price of sugar seems to be struggling around the $24 region again, a decade-long resistance area.

As such, we would like to go short the front month sugar no. 11 contract at $23.65 with a stop-loss at $24.65 and a downside target at $21.00.

Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Monday 17 April 2023 

Link to comment

So you put a trade of the week out there but have no comment on it. Seeing as it went wrong straight out of the gates. I just wondered what your thoughts on the fundamentals behind this and the global macroeconomics driving the current price trend.

Are we seeing a new base established around 2400? Or are the vested interests just strying to shake out the shorters and shore up the price?

Comments welcome.


Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • If the current challenges facing blockchain including speed, performance and so on, are effectively tackled, then blockchain adoption would have been fastened. Working towards that is Saakuru Protocol, a Layer 2 protocol designed to eliminate transaction fees, using the OP Stack for seamless application integration.  Saakuru Protocol facilitates over 1.4 million weekly transactions, which makes it among the top 20 public blockchains due to its gasless transactions and rapid block times. The Saakuru blockchain posseses a user-friendly interface and gasless transaction that make it an ideal gateway for Web3 adoption. All the dApp on Saakuru offers a secure, fee-free platform for users to access blockchain applications, and close up the gap between Web2 and Web3. In addition to some of its core features like Saakuru wallet, Saakuru Developer Suite, its native token $SKR stands at the base of everything it’s set out to achieve and already launched on Bitget with a good price trend. What’s your bias on this fast growing chain?
    • I would second this for more US options availability. 
    • Hi,   I was on the lookout for a forex foundation course and have found quite a comprehensive course, from Godlove University.    It covers everything from Risk and Money Management to Advanced Trading Strategies.   Does anyone know of a course that covers all of the above aspects and that is taught by an actual trader, such as in the case of Godlove University?   Thanks in advance.
  • Create New...