Global View Sugar Flash – Two surprises – 23rd September 2019
23rd September 2019
Daily technical analysis of the global sugar markets from Mike McDougall, Managing Director of Paragon Global Markets.
Two surprise’s came out last week, on Thursday and Friday. One was from Thursday. The open interest in Oct, despite 43,367 lots of volume and nearly 30,000 lots of EFPs on Thursday, actually showed an open interest increase of 2,792 lots. (From 118,123 to 120.915) EFPS should be a reduction in open interest (assuming the
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