We have outstanding recommendations to sell short either Heating oil or Brent crude, based on daily-scale compressions that broke down about ten days ago. Both those markets have now re-compressed and are today breaking upward from these compressions:
This is a signal to cover those shorts and try a trade on the long side. This trade may not last long, as we eventually expect some further sell signals but this is a clear buy signal, even if only at a daily scale.
Meanwhile, sugar has obviously broken down at the close, so you should now be short. Wheat didn’t.
RE
