Sugar has been falling in price for a year and a half and is now almost half the price of the 2016 peak. Now we have had weekly and daily-scale bottom extensions that coincided with the end of the decline to within a day. There was a bounce and now a little dip, so it is worth buying some. In the meantime, Soya beans have compressed at a daily scale and broken downward, so our bearishness (see the first of the two April 19th editions) has just been renewed:
All signals courtesy of software supplied by our friends at Parallax Financial Research www.pfr.com
