Monday, 29 July 2013

Sweet sugar

Today's post has to focus on sugar of course. I called for a bottom on sugar in my last post here, even called it the Goldman bottom. Will it be the case? Time will tell but it sure looks very bullish right now. If this is a probability game, the trend reversal is very probable here. Looking at the weekly chart in that post, the ultimate target is cough, ehm 55-60. Even if we do not reach there I expect a rise up to at least 30 in the next 6 months.
Posted by at
Labels: , , ,

2 comments :

  1. anonymous30 July 2013 at 02:32

    Do you have a thought on what gold would do under a lower euro scenario??

    ReplyDelete
  2. bouraq30 July 2013 at 08:21

    Frankly, I do not see an obvious correlation between Euro and Gold. Click on Gold on the labels section for my posts on gold. I expect one more dip before turning back up.

    ReplyDelete

Subscribe to: Post Comments ( Atom )