...and a breakout imminent in Sugar. Still 3 favourable
headwinds. 1) Technicals and well below inflation par performance
over past 5 years; 2) Super El Nino; 3) CANE being used for
Ethanol. I am waiting for a slight pullback (Probably in line with
PDBC which still needs to form its C Wave). Then going long for an
upside breakout. However, stops are just below the coil bottom
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Posted by vimal on 4th of Jun 2026 at 11:03 am
...and a breakout imminent in Sugar. Still 3 favourable headwinds. 1) Technicals and well below inflation par performance over past 5 years; 2) Super El Nino; 3) CANE being used for Ethanol. I am waiting for a slight pullback (Probably in line with PDBC which still needs to form its C Wave). Then going long for an upside breakout. However, stops are just below the coil bottom