Global View Sugar Flash – V/H spread breaks downtrend line – 3rd September 2019
3rd September 2019
Daily technical analysis of the global sugar markets from Mike McDougall, Managing Director of Paragon Global Markets.
The Oct/March broke a downtrend line and is at its highest level since July 31st. Given it is the spread that is reacting, and not too much the flat price (yet), we would think that perhaps at least one trade house has decided that delivery against the board isn’t the best idea. This change of
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