Even if sugar is going to end up at 6.50 in 2 years, there will be large rallies on the way.
1) buy 10.50
2) buy 9.50
3) buy 6.50.
From here i wait extremes and buy... I am not sufficiently informed to short trend follow at these levels (this would require specialised information that nothing changed in the supply/demand structure and that no climate event is about to change the dynamics - this is also close to the situation in brasil i guess).
1) buy 10.50
2) buy 9.50
3) buy 6.50.
From here i wait extremes and buy... I am not sufficiently informed to short trend follow at these levels (this would require specialised information that nothing changed in the supply/demand structure and that no climate event is about to change the dynamics - this is also close to the situation in brasil i guess).