COT Sugar

[ValknutAnalytical]

This post is about COT of Sugar. COT (Commitment of Traders) is a weekly report prepared by US regulatory body that reveals market sentiment by disclosing long and short positions of users of commodity and speculators.
Index of producers is 87%. Previous reading was 85%. The index is proprietary metric, 0% is extremely bearish and 100% is extremely bullish sentiment.
During the week producers were buying at low speed. They bought 7385 contracts. Last 3 weeks show active buying pattern.
Producers index sits in the upper quartile. During last weeks index moved towards extreme values. Current market balance indicates limited bearish potential (and good potential for bulls), however this indicator alone is not enough to make good decisions.
Index of speculators is 11%. Previous reading was 19%.
During the week speculators were selling at low speed. They sold 20234 contracts. Last 3 weeks show active selling pattern.
Speculators index sits in the lower quartile. During last weeks index moved towards extreme values. Current market balance indicates limited bearish potential (and good potential for bulls), however this indicator alone is not enough to make good decisions.
Market is in Bearish zone. This is depression zone and it lasts for 5 weeks. We are confident in this trend.

Full version of this COT report https://dd51c300-779d-4e88-81aa-f968b3f24421.filesusr.com/ugd/719da3_4f10f300112f4524a0a2746f06057704.pdf